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Ram transfers a house worth rupees five lakhs to Shyam in lieu of a field worth rupees two lakhs and…

A house given for a field plus cash (property for property and money, not money only) is "an exchange" under s.118 TPA, not "a sale".

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Ram transfers a house worth rupees five lakhs to Shyam in lieu of a field worth rupees two lakhs and rupees three lakhs as cash. This transfer is:—

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Correct answer B

A house given for a field plus cash (property for property and money, not money only) is "an exchange" under s.118 TPA, not "a sale".

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