is it. long turm or short turm

Anything over a year makes it a long term tax liability. This will come under short term tax liability.

Question is confusing. Elaborate Cleary like :1 Dt. of purchase by the Donor :2 Dt.of sale by the Donee.In case you feel help more give your contact no.

When a property is received on inheritance or as a gift, it is not taxable for the receiver. When the inheritor or the receiver of this gift of property, sells it, capital gains on the sale are taxable for the inheritor.The cost of acquisition and indexation shall be done as follows.

Cost of the property – The property did not cost anything to the inheritor, but for calculation of capital gain the cost to the previous owner is considered as the cost of acquisition of the Property.

Indexation of cost – Additionally, the year of acquisition of the previous owner is considered for the purpose of indexation of the cost of acquisition.

Long term or short term based period of holding.. if property hold for more than 1 year then it is Longterm other wise short term

actually our sir these two situation for this type,. situation 1 capital asset becomes property of an assesse before 1/4/2001 cost of acquisition of the assesse (or)fair market value _which ever is higher at the option of the assesse. situation 2 capital asset on or after 1/4/2001 _cost is incurred by the assesse

thanks, in this case mother buy the house in 1974, give gift to doughter. by gift deed. no payment made by doughter. only stp duty take place. and transfer to doughter. she sold it in 6 months and buy new house. give tax calculation .house cost 25 lkh. indexation valu 20 lkh.. PL give detail. thanks.