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Exchange property capital gains and sec 56(2) applicable

This query is : Resolved 

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

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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