LTC Gain on land inherited from wife (On her death)
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
09 November 2019
A land was owned by my wife. On her death, the same was transferred in my name. Now If I sale the said land, what will be the impact of LTC Gain.?
Amol S Joglekar
(Expert)
13 February 2020
it will be taxed in your hands.
Amol S Joglekar
(Expert)
13 February 2020
for period of holding, you can count the period of holding of your deceased wife
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