Capital gai

Dear members I have the following quary 

smt  A  has   inherited an immovable( long term asset) property from her father. Now she gifted3/4 ofher property equally to her son and  two daughters.   now she, son and daughters  plans to sell the property immediately after a month .

whether  capitla gain arising the sale will be taxed as long term capital gain  in the  hands of all the above persons individualy

 

Replies (1)

Dear Member

 

If the gift deed is regitered , then Long term capital gain will be charged for all the above persons individually since the property is in the name of all the people in their share

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