My brother has transferred a property on my name in Nov 2018 which was purchased by him in 2003. If I sell this property now can I avail LTCG benifit and reinvest in buying another property to save tax without waiting for 3 years as It was originally bought in 2003.
In case I sell now without waiting for 3 years period do I need to pay tax as per my income slab. please confirm.
Chirag P Shah & Co. Chartered Accountant
Pune
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