This discussion addresses how to calculate long-term capital gains when a property, initially received as a gift, is later developed and sold. It explores the tax implications arising from the sale of a flat obtained through a development agreement with a gifted piece of land. The provided resources offer guidance on the specific calculations required in such scenarios.
12 February 2020
sir received land gift from husband which later given for development and received share of flat from the developer . This flat later sold. How to calculate long term capital gains.