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
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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