A man died in 2019.The shares of SBI held by him was transferred to his wife in October 2019.He purchased the shares in the year of 2017.
What will be the holding period of the shares for the wife,in computing capital gain?
What will be the cost of acquisition of shares for the wife?
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Capital gain
Replies (5)
In this case, it wouldn't be taxable in the hand of his wife. because assets received under will not treated as transfer.
Period of holding of previous owner i.e. husband will be considered.. 2017 to sale date is period of holding
@ Yudhishtir Sharma ..... sir, will you please provide the any sections relating to this?
Sec 56(2)(x) - Income from other sources
Refer section 47(iii)
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