Capital Gain

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... A owns a site absolutely and the neighbouring site is owned by B absolutely. Both A and B give their sites for joint development to same builder. Under the advice of developer, the two sites are amalg .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... amated so as to get more floor area. My query is whether any capital gain tax is attracted when two sites of A B are amalgamated. This is because when sites are amalgamated, A gets 50% right in site o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... wned by B previously and vice versa. Does it amount to exchange and capital gain tax is payable. Invite experts opinion on this. - Capital Gain - Query Started By: - Ethirajan Parthasarathy Dated:- .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 2-4-2024 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X