Poonawalla fincorps
Poonawalla fincorps

Capital Gains on exhange of immovable property

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(Querist)
01 September 2024 Please elaborate with example regarding the exchange of immovable property between two parties (not related to each other) without consideration. How the capital gain is calculated for each party and role of Section 56(2)(x). Please enlighten
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 September 2024 Capital gain will be liable to both the parties based on the higher value of the property as sell consideration.

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