Capital Gains tax in case of exchange of properties

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  1. Chintamani

    Chintamani New Member

    I intend to exchange the apartment owned by me with my relative . Both Properties are in Nasik and 18 Years old. One property is valued at 38L where as other one is 34L & we have been told that the stamp duty would be applicable only on 38L during this exchange. In this exchange neither of us are going to get any cash/money & it is exchange of ownership. What is the Long term capital Gains tax applicability in this transaction.
  2. rudrabose

    rudrabose Active Member

    The Sale price in this case would be assumed as Rs. 38 Lakhs and Capital Gains computed accordingly.

    And it would be also be assumed that you have reinvested this 38 Lakhs in buying your relative's flat.
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