Capital gain

This query is : Resolved

T.T.VIJAYAPRAKASH

T.T.VIJAYAPRAKASH (Querist)
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08 February 2019 DEAR SIR,
MR.A & B SALES PROPERTY TO D RS.2,00,00,000/-. MR B. IS NRI AND HIS SHARE RS.100,00,000/-

TDS RATE FOR MR B. AND MR A.

A & B GET THIS PROPERTY AFTER DEAT FROM FATHER MR C

C DEAT AS ON 30.06.2018
A& B SALES TO D. AS ON 1ST FEB 2019
MR A & B CAPITAL GAI FOR IT FILING LONGTERM ARE SHORT TERM?
THANKS TO ALL
.

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
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09 February 2019 It depends upon the period of holding of that property which was transferred after death of C. Period of holding shall be calculated from the date when it was acquired by C till 1St Feb 2019. If this comes more than 2 years, it should be Long term capital gain and below 2 years shall be short term capital gain. For further information you may login to www.wealth4india.com or speak to our expert @9266242424. Thanks

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T.T.VIJAYAPRAKASH

T.T.VIJAYAPRAKASH (Querist)
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09 February 2019 thank to
but my query is
1) MR.C THIS PROPERTY PURCHASES AS FOR THE YEAR MAR 1990 FROM HOUSING BOARD AND HOUSING LOAN TAKEN.
2) THE LOAN CLOSED AS ON 2001.
3) MR.C DEATH BEFORE WRITE ANY NOT WILL
4. MR A & B HOLD AFTER THE DEAT OF MR C. 30.06.2018
5)HOW CALCULATED PERIOD OF CAPITAL GAIN?
THANKS

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