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LONG TERM CAPITAL GAIN REG
PERIOD OF HOLDING FOR LONG TERM CAPITAL GAIN IN RESPECT OF LAND OR BUILDING OR BOTH WHETHER IT IS 24 MONTHS OR 36 MONTHS FOR THE A Y 2023-2024(31-03-2023).I SHALL BE MUCH OBLIGED IF YOU KINDLY GIVE ME GUIDANCE.
Replies (4)
Quick Summary
Land and bld sold after 2017 after 24 mts is LTCG....movable asset like gold is 36 mts period for LTCG
Its 24 months
It's 24 month after 2017
One of my client gifted his newly purchased house property to his wife within two months of claiming capital gain tax exemption. for clear understanding I'm illustrating the facts
One Mr. Kiran claimed capital gain tax exemption in the financial year 21-22, and in 22-23 he has gifted his newly purchased property to his wife. now the query is whether capital gain exemption claimed is chargeable to tax or not
One Mr. Kiran claimed capital gain tax exemption in the financial year 21-22, and in 22-23 he has gifted his newly purchased property to his wife. now the query is whether capital gain exemption claimed is chargeable to tax or not
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