What will be the Sale consideration in case of Exchange of Land for Capital gain calculation.
Will it be Fair Market value or Reckoner value
Menu
Capital Gain - Exchange of Land
Replies (2)
It’s always fair market value, and the cash in hand you get is subject to capital gains taxes I guess. If your land is revalued as 100000 and exchanged it with 50,000 worth land and received cash 60,000₹, you will pay taxes on 10,000₹
Fair Market Value will be considered as Sale Consideration
Recent Threads
- Form 49AA - OCI card holder applying for PAN card
- Property purchase by parents
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
