two it persons (brothers)
1.1st person house property exchange to 2nd person
2.2nd person vacant site exchange to 1st person
question:
above transactions two assess property exchange capital gains tax applicable in it act.
Menu
Exchange of propertys capital gains tax applicable
Replies (4)
Quick Summary
As per Section 47(iii), capital gains tax will not be applicable in both the above inter-related cases, in my humble opinion.
Dear Sir, if you structure it as an exchange, then it is taxable as capital gains. However, if you plan the transaction as a gift, then not taxable. But there are intricacies in your case and requiring solid structuring.
Its not taxable
No it's not taxable
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
