Capital gai
This query is : Resolved
06 December 2012
how to calculate short term and long term period in capital gain ? is it financial year or exact period?
Dintakurthi Tirumala
(Expert)
06 December 2012
It based on exact period. I.e for the purpose of computation of holding period the period shall be consider from the date of purchase to the date of sale and count the no of days for that period and then convert into years and then make a decision regarding short term or long term.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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Dintakurthi Tirumala
(Expert)
06 December 2012
Yes, it is minimum holding period is 36 months for house to became as long term capital asset.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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