A father selling land for ?22 lakh after holding it for more than 8 years may need to pay long-term capital gains tax, and cannot claim deduction if he gifts the sale proceeds to his son. On the other hand, a woman who worked for a company for 4 years and 10 months is eligible for gratuity, as she has worked for more than 4 years and 240 days.
A father selling land for ?22 lakh after holding it for more than 8 years may need to pay long-term capital gains tax, and cannot claim deduction if he gifts the sale proceeds to his son. On the other hand, a woman who worked for a company for 4 years and 10 months is eligible for gratuity, as she has worked for more than 4 years and 240 days.
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