If a Son transfers a plot to his mother through a registered gift/transfer deed after paying the stamp duty as applicable, what happens if the mother sells it :
After 1 Year and
After 2 years
(The period of holding of the Son shall be counted for calculating LTCG of the mother- this is quite clear)
But in whose hands the LTCG be taxable?
I have read Sec 64 and did not find this situation in it but then I am not an expert.
I look forward to your expert advice in the matter.
CAclubindia
