27 September 2018
If a property is transferred to the legal heirs via probate after death of a person. & the legal hairs sales the property in two months of the said transfer, then the income will fall under Long term capital gain or short term capital gain.
27 September 2018
The holding period of the asset of the original owner i.e. deceased person will also be considered o determine short/ long term nature of capital gain.
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