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Exchange property capital gains and sec 56(2) applicable

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(Querist)
25 November 2022 Sir,
Mr A land value rs:20 lacs transferred to Mr.B and Mr.B building value rs:25 lacs exchange to Mr.A
Question:
Above property exchange transaction capital gains and sec 56(2) provision applicable in it act
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 November 2022 Yes, both the provisions of act are applicable.
Hope the value of the properties are as per circle rate.

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