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Short and longterm capital gain

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Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2011 What is the duration between short term capital gain and longtern capital gain.
What is the difference between dividend and capital gain in investment account(equity shares)

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

22 August 2011 Incase of shares Long term asset means which you held more than 12 months. if you held less than 12months that is short term capital asset. for other assets 36 months

Dividend which you received as a share holder of the company and company pays from the profit earned

Capital gain means which you getting on sale of share to other person on a price exceeds which you purchase

CA Sumat Singhal

CA Sumat Singhal (Expert)

22 August 2011 If dividend relates to preacquisition period then credit it to investment a/c otherwise charge it to p&l and capital gain i.e. Profit on sale of shares are debited to investment.

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