Case of Exchange of property
Residential Flat exchanged against Plots, purchase value of Flats Rs 15 Lakhs & Govt. value of plots is Rs 4-5 Lakh. Stamp Duty paid on Rs 15 Lakh. Residential Flat given within 24 months of purchase i.e. short term capital gain. Que Treatment in Income Tax.
Menu
Exchange of Property
Replies (2)
Gain from residential flat will be your STCG as it's within 24 months and it's taxable.
Residential Flat
cost of acquisition 15 lakh
Market Value as per Ready recknoner (on date of sale) 15 Lakh
Plots
ready reckoner (on date of purchase) 4.5 Lakh
what will be the value of sale consideration to be considered ???
cost of acquisition 15 lakh
Market Value as per Ready recknoner (on date of sale) 15 Lakh
Plots
ready reckoner (on date of purchase) 4.5 Lakh
what will be the value of sale consideration to be considered ???
Recent Threads
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
Related Threads
CAclubindia
