I bought 2 flats on a single floor(first).
Afterwards, the Builder approaches me and tells me that he wants to 1 of the flat.
He says that he will give me another one on the tenth floor.
I said OK.
Builder then transfers money in my bank and I sign over one of my flat to him.
I then buy the flat on the 10th floor. All the money transfers back to builders account.
Builder promises that I will not need to pay any tax on the money I received as I have just changed the flat.
But a friend of mine says that I will need to pay tax on it.
Please help clear this confusion.
