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Capaital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 February 2014 I have purchased a land way back in 90's and I have donated to my mother in Nov 2012, if my mother sells the land now(before March 14) will it attract short term capital gain or long term capital gain
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Sanjay Dobal

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Sanjay Dobal (Expert)
04 February 2014 Yes.Gift is not taxable.But when your mother sells that the same will be taxable under income under the head Capital Gain

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