As per section 2(42A),
Period of holding in case of Gift shall be taken from the Date of acquisition of Previous owner.
Will this same rule apply for Section 49(4) as well or it applies only to section 49(1)?
no the same rule not apply for section 49(4)
for [section 49(4) ] it is valued as per section 17(2)(vi)
CAclubindia
