Dear all,
Can any one explain me, Holding period to be considered while calculating capital gain tax for Gifted asset under income tax act 1961. with citation and case laws
Regards
Rajnikant Patel
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Holding period for Gifted assets
Replies (1)
Hi in case of gifted assets it will be valid case for coverage u/s 49(1) so cost will be the cost of previous owner and indexation will be done from the period the asset was first held by the assesee .
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