n NISM Certifications
X NISM Series X
Medium

When inheritance of a property is acquired through a will, from which date is the holding period for capital gains considered?

Practice question from NISM Series XB- Investment Adviser (Level 2) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    From the date of death of the donor

  2. B

    From the date of transfer under the Will

  3. C

    From the date of registration in the name of the donee

  4. From the date of acquisition by the previous owner

    Correct answer

Why this is the answer

The holding period for inherited property is calculated from the date the previous owner acquired it, not from the date of inheritance.

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NISM Series XB- Investment Adviser (Leve…