Capital gains

This query is : Resolved

naga raju (Querist)
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11 February 2014 Dear Sir\Madam

I am the owner of land

and the developers approached me and told that they are going to construct an apartment and they asked me to give the land and they will give me 2 flats in that apartment

in this case the ownership of the land was transferred from me to the developers

for computation of capital gains , what is the process and how much sale consideration i have to take??

Chinay Solanki

Chinay Solanki (Expert)
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12 February 2014 the sales consideration for capital gain purpose shall be the stamp value of land or the value of 2 flats, whichever is higher...