Long term capital gain / short term capital gain
This query is : Open
JAYANT VASANT GOGATE
(Querist)
27 September 2018
If a property is transferred to the legal heirs via probate after death of a person. & the legal hairs sales the property in two months of the said transfer, then the income will fall under Long term capital gain or short term capital gain.
CA Ankit R Momaya
(Expert)
27 September 2018
The holding period of the asset of the original owner i.e. deceased person will also be considered o determine short/ long term nature of capital gain.
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