Query on capital gain
This query is : Resolved
18 August 2011
if A gift a capital asset to friend B,
can B take the period of holding of A (previous owner) for both:
-determining LTCG/STCG
-indexation
can B take the period of holding of A (previous owner) for both:
-determining LTCG/STCG
-indexation
19 August 2011
Yes. Pl refer section 2(42A) explanation (i) clause (b) of the Income tax Act,1961.
19 August 2011
I agree with the expert but the provision of Section 53 should also be taken into consideration
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Distinct person & regular person POS
- Query ON belated tds deduction
- INCOME TAX NOTICE QUESTION
- Whether to file ITC 03 for downward GST rate revision - Reg.
- Regarding claiming exemption under section 54ec
- Authority regulating Transmission of unlisted shares
- Query Regarding Error in Establishing Connection with Traces WebSocket eSigner
- Need Conversion process of CA Proprietary firm to CA Partnership Firm
- Capital gain on sale of resident house by non-resident Indian
- Input Tax Credit Treatment For Hotel Service Provider.
- Query regarding metal scrap purchase from SEZ
- Seeking Assistance for MoA Amendment and ROC Compliance
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
