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Property sales

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(Querist)
18 December 2020 A Became owner of property in April 1996
A died 14.01.2018 living behind legal heir wife two sons and daughter
Both sons and daughter Relinquished their rights in favour of mother on 30.01.2018.
Therefor mother become sole and absolute owner of the property.
Mother sold the Property on 10.09.2020
Question? Whether it’s a long-term capital gain or short-term capital gain
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CA Ankith Jain

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CA Ankith Jain (Expert)
20 December 2020 Its a long term Capital gain. You could take the benefit of indexation on cost of acquisition.
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