Advice on ltcg on exchange of property

SANDEEP KUMAR GUPTA (Querist) 05 November 2013 This query is : Resolved
kindly advice regarding LONG TERM CAPITAL GAIN
1,SUNITA GUPTA W/O SANDEEP & Dr sukhi PURCHASE PLOT NO-79 IN 2006 TOTAL COST RS-8,50,000/- thro mutual agreement ,purchase and transfer

2,SANDEEP PURCHASE PLOT NO-80 IN2007 TOTAL COST RS-17,08,780-

IF BOTH OF US REPLASE PLOT WITH EACH OTHER IN APRIL-2013 THRO FULL & FINAL PAYMENT AGREEMENT WITH POSSESSION AND TRANSFER IN GOVT DEPT / TEHCIL
(CIRCLE RATE 50LAKH)

TO GET BENEFIT OF SEC-54 LTCG EXEMPTED SANDEEP CONSTRUCT HOUSE WITH 10LAKH IN 2013 on plot-79
SUNITA GUPTA W/O SANDEEP CONSTRUCT ONE ROOM SET WITH RS-15 LAKH IN FEB-2015 on plot-80 AND GET BENEFIT OF SEC-54 LTCG EXEMPTED
kindly advice
1, if agreement at CICLE RATE 50LAKH
2,if agreement at market rate 70 LAKH
IS THEIR ANY OTHER LEGAL HARDEL / PROBLEM
sandeepgupta03@yahoo.in

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