Period of Holding of Gifted Shares Includes Previous Owner’s Holding Period for Long-Term Capital Gains
Period of Holding of Gifted Shares Includes Previous Owner’s Holding Period for Long-Term Capital Gains Issue Whether shares received by way of gift and taxed under Section 56(2)(x) qualify as long-term capital assets by including the previous owner’s holding period, and from which financial year indexation benefit on such shares should commence. Facts Receipt of… Read More »