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Capital gain

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(Querist)
14 September 2011 my mother has gifted me her house, which she inherited by will from her father, i have the house registered in my name after paying the stamp duty, now if i sell the house in the same financial year will it be counted as long term or short term capital gain.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
15 September 2011 Mother's holding period of the property can also be taken into consideration for determining whether it is LTCG /STCG.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
15 September 2011 I agree with the expert
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