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Section 43 ca and section 56(2)(vii)(b)

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 June 2013 Dear Sirs,

In case of exchange of Land then provisions of Section 43 CA and Section 56(2)(vii)(b).

Thanks.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
16 June 2013 43CA is applicable only when the land is not a Capital Asset. If Land is a capital asset Section 50C will be applicable.
.
Section 56(2)(vii)will be applicable if the Stamp valuation of the two properties differs by Rs. 50000/-.
.
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