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Indirect transfer

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2011 Suppose X transfer an asset worth Rs. 25000 to Mrs. A and in return A transfer an asset worth Rs. 50000 to Mrs. X.
Whether the indirect transfer in such case amounts to Rs. 25000 or 50000?
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CA VISHAL RANA,CS,B.Com,AMFI

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CA VISHAL RANA,CS,B.Com,AMFI (Expert)
15 October 2011 in this case amount of indirect transfer will be RS. 25000/-

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