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A property was jointly registered in the name of son daughter-in-law and father.The entire amount was provided by the son. The property was purchased in 2009,payments made from 2009 to 2013 with possession given in 2013.The property was sold in August 2015. Please advise 1) How will Capital Gains Tax be calculated 2) Will it be short term or long term Capital Gains? c) Who will be liable for Capital Gains Tax? |
