Capital Gain on Sale of Gifted or Inherited Properties

A capital asset being shares and securities (listed), unit of UTI (listed/unlisted), unit of equity oriented mutual fund (listed/unlisted), zero coupon bonds (listed/unlisted) is considered as long term capital asset if it is retained for more than 12 months and 24 months in case of unlisted shares and securities and land or building or both and 36 months in […]

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