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STCG or LTCG?

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(Querist)
23 February 2022 Mr X holds a GPA of a land which he holds for more than 20 years. He takes a loan from his sister for 5 lacs in 2005 and registers a sale deed in his sister's name in Mar 2019 for 5 lacs. Stamp duty paid is 2.5 lacs. His sister sells the property in Jan 2022 for 47 lacs.
1. Is it a STCG or LTCG?
2. How much tax to be paid by his sister?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 February 2022 1. LTCG
2. Rs. 7.90 lakhs + cess

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