Capital Gains-Short/Long Term

For the calculation of the holding period is counted from the date of your father's ownership, not from when you receive gifted it. and in your question your father holding information is missing.

I want to know about date your father acquired ownership, not the date it was gifted to you. Capital assets such as land, buildings, and house properties are considered long-term capital assets if they have been held by the owner for 24 months or more.

Your father's cost should be considered your cost of acquisition (COA), and the cost should be adjusted using the COI indexation method.

Dear sir

According to the Income Tax Act, if assets are received through inheritance/gifted the cost of acquisition is considered to be the same as the original cost at which your father purchased those assets. However, if the assets were acquired before 2001, the cost of acquisition is taken to be the fair market value as of 2001.