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Longterm or short-term?

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(Querist)
24 November 2013 Capital Asset held exactly for 36 months... is it longterm or shortterm capital Asset?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
24 November 2013 As per Section 2(42A) capital asset held by the assessee for not more than 36 months is
a short term capital asset (other than shares or units etc).
.
So in such a case where the asset is not held for more than 36 months is treated as short term capital asset (STCA).
.
The reply is STCA.
.
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