Problems
93.1-P1 State, giring reason, whether the asset is short-erm or long-term in the cases given below
1. X purchases a house property on March 10, 2016 and transfers if on June 6, 2017
2 Y purchases listed shares in an Indian company on March 10, 2016 and transfers it on June 6, 2017
3. Z acquires units of an equity oriental mutual fund on July 7, 2016 and he transfers these units on July 10, 2017
4.Purchase diamonds on September 12, 2014 and gifts the same to his friend Bon December 31, 2015. B transfers the asset ons
20 2017
5. purchases unlisted shares in a company through a NSE broker (date of purchase by the broker: November 21, 2015; the o
transfer shares in the name of January 5, 2016). These shares are transferred by B on December 20, 2017
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