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short term capital gain

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Nagendra Kumar

Nagendra Kumar (Querist)
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10 March 2008 LAW : S-2(42A)
STCA --SHARES(WHETHER LISTED OR NOT) HELD FOR <= 12 MONTHS

Q/A : I HAVE A SHARE & I HELD IT FOR 34 MONTHS.BUT I AM CLAIMING IT AS 'STCA'!! IS IT RIGHT OR NOT,If it is right wat is the special feature of that SHARE !!!!

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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11 March 2008 NO IT IS NOT REIGHT BECOZ SHARES HELD FOR MORE THAN 12 MONTHS FORM PART OF LONG TERM CAPITAL ASSET AND ANY GAIN/LOSS ARISING ON THAT WILL BE LTCG

CA. GOPAL SONIKA

CA. GOPAL SONIKA (Expert)
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11 March 2008 Mr Nagendra you are wrong if income claimed as STCG.

joginder (Expert)
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11 March 2008 long term capital gain

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