Exchange of Property

TEJAS AGRAWAL (Article Assistant ) (82 Points)

21 August 2019  
Case of Exchange of property

Residential Flat exchanged against Plots, purchase value of Flats Rs 15 Lakhs & Govt. value of plots is Rs 4-5 Lakh. Stamp Duty paid on Rs 15 Lakh. Residential Flat given within 24 months of purchase i.e. short term capital gain. Que Treatment in Income Tax.