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
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₹
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