• Long term capital gain or short term capital gain

My father was alotted a plot by housing cooperative society in 1988 for 999 years lease now he wants to convert it in to freehold registry by society on his name only 
If we sell it after few months of new registry than capital gain earned on property will be short term one or long term one. Kindly enlighten me
Asked 2 years ago in Capital Gains Tax from Kanpur, Uttar Pradesh

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