What will be the Sale consideration in case of Exchange of Land for Capital gain calculation.
Will it be Fair Market value or Reckoner value
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Capital Gain - Exchange of Land
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Quick Summary
It’s always fair market value, and the cash in hand you get is subject to capital gains taxes I guess. If your land is revalued as 100000 and exchanged it with 50,000 worth land and received cash 60,000₹, you will pay taxes on 10,000₹
Fair Market Value will be considered as Sale Consideration
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