Capital gains

Neha Bhattar (none) (170 Points)

26 April 2014  
A SOLD A LAND TO B FOR 60 LACS... REGISTRY WAS DONE FOR RS 4 LACS... A SURVEY WAS CONDUCTED IN WHICH THIS LAND WAS VALUED FOR RS 20 LACS... NOW, WHAT WILL BE THE CAPITAL GAINS... N HOW MUCH WILL THE SELLER HAVE TO REINVEST TO AVOID CAPITAL GAINS... WIL THE DIFFERENCE OF 16 LACS ( 20-4 ) BE TREATED AS A GIFT I N THE HANDS OF B... PLEASE GUIDE... THANKS IN ADVANCE