my mother had gifted me shares after holding for 5 years, if i sell it with in 3 months at higher rate should i pay capital gains or any tax on it
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Share gift from mother is it taxable
Replies (3)
NO ,NOT ANY CAPITAL GAIN TAX SINCE YOUR MOTHER HELD SHARE MORE THEN 5 YAERS
No, you should not be liable to pay any amount of capital gain tax bcoz ur mother has been already held the shares for the period for 3 or more then 3 years.
Yes no capital gains since it will include the period of holding of your mother
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