I wish to know, what would be the rule for Capital Gain, if the shares purchased by father 5 years ago transfered to son by virtue of a Will and sold with in a month from the date transfer
Whether the capital gain would Short Term or Long Term
I wish to know, what would be the rule for Capital Gain, if the shares purchased by father 5 years ago transfered to son by virtue of a Will and sold with in a month from the date transfer
Whether the capital gain would Short Term or Long Term
In this case, the period of holding of the previous owner i.e. the father shall be taken into consideration. Hence it will be a long term capital gain.
In this case there will be Long term capital gain. Period of holding of previous owner i.e father will also be considered
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