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capital gains - listed securities

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(Querist)
05 November 2008 hello

in case of listed securities if they are held for not more than 12 months before their transfer they are "Short term capital gains" - becasue they r financial assets.

what about "non listed securities" ? are they financial assets or not? period of holding is 12 months or 36 months for determination of short term or long term capital gains?

thank you
tima
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 November 2008 Non listed securities held for <12 months is short term capital asset.Pl refer section 2(42A) of the income tax act,1961 and section 2(h) of the securities contracts (regulation) act,1956.
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