short term capital gain
This query is : Resolved
Nagendra Kumar
(Querist)
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 !!!!
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 !!!!
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
(Expert)
11 March 2008
Mr Nagendra you are wrong if income claimed as STCG.
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