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Capital Gain

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..... 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 .....

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..... 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 .....

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..... 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:- .....

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

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