17 July 2021
Assessee (an individual), acquires property through a revocable trust as sole beneficiary of the trust. Property purchased in the year 2012 through trust by the trustee in the name of trustee. Since the Property has been transfered to assessee in 2021, if sold by assessee in the same year, 1) what would be the period of holding for the same in the hands of assessee ? 2) If its Long term in nature in the hands of assessee whether indexation is allowed?
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