Tax applicable on exchange properties
This query is : Resolved
14 July 2021
Sir,
Two it assess brothers
1st person house property exchange to 2nd person transferred
2nd person house property exchange to 1st person transferred
Question:
1.Two assess exchange of properties capital gains tax applicable in it act
2 above transactions treated in both assess books.
Two it assess brothers
1st person house property exchange to 2nd person transferred
2nd person house property exchange to 1st person transferred
Question:
1.Two assess exchange of properties capital gains tax applicable in it act
2 above transactions treated in both assess books.
14 July 2021
Treat it as gift no capital gains tax payable by both.
Message likes :
1 times
01 November 2021
Even in case of exchange, both properties being residential property, deduction u/s. 54 can be availed, if long term holding.
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