capital gains on exchange of land with another land

A company wants to exchange a land with another land

(1)   Land is situated in same area, market value of both the lands are same.

(2)   Land  exchange  is 4 Acres against 3.37 Acres

(3)   Whether Capital Gain is applicable on Exchange of Land

(4)   Whether Indexation is applicable for arriving cost of acquisition Value

(5)   In Exchange what is sale consideration and acquisition cost to be considered for Income Tax capital gains Purpose.

(6) What will be the capital gain

thanks in advance

Joseph David