Easy Office
Easy Office

Holding period of previous owner.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 December 2010 Sir/Mam,
if i hold Equity shares as long term and then gift it to somebody and that person sells it within 10 days, what is the incidence of tax on that person? whether it will be a short term capital gain or my holding period will be included and calculated as long term? plz help!
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
11 December 2010 IT will be LTCG.
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Querist : Anonymous

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Querist : Anonymous (Querist)
11 December 2010 Thank you.
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