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Capital gain

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(Querist)
08 December 2011 What is Short term period for Agri. Land sale? 2 yrs or 3 yrs?
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Hari Beldona

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Hari Beldona (Expert)
08 December 2011 For assets other than shares/stocks/Mutual funds etc -If the capital asset is held for less than 36 months before selling, the gain/loss arising from it is classified as Short Term Capital Gain/loss.
Agriculture land is other asset so 3 years.
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