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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2013 If i am living in a building and if Government gives us a flat in a new building by taking our old flats WITHOUT Consideration than does it attract Capital Gain????
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CA Gaurav Ajit Potdar

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CA Gaurav Ajit Potdar (Expert)
29 March 2013 No there is no Capital gains it will be applicable only when u sell the flat
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2013 Can u tell me the Section number which supports your answer.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
22 May 2013 Is the first building transferred in your name. If yes then the difference in the price will attract Capital Gains u/s 50C

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