Capital gain

Ritesh Khaitan (Pracice & Business) (148 Points)

21 January 2011  

An assessee owns a land,lets a person to develop flats on it.When completed,the developer makes payment of Rs.25,00,000/- with a flat there only.Remaining flats sold to the various.

My question arises is that flat also counted as a consideration or if it so then whether we will take M.V. as consideration???