Capital gain

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374 Points Posted on 28 March 2020
If a Immovable Property has been hold for exactly 24 months is it LTCA or STCA
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On 28 March 2020 at 12:24 Report
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When calculating Capital Gains Tax on immovable property, the holding period is crucial. If a property is held for exactly 24 months, it is classified as a Short Term Capital Asset (STCA). Only when the holding period exceeds 24 months does it qualify as a Long Term Capital Asset (LTCA).

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It will be STCA
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On 28 March 2020 at 12:41
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Chartered Accountant
12739 Points Posted on 28 March 2020

Short Term Capital Assets (POH = 24 months) 

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On 28 March 2020 at 13:00
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92 Points Posted on 28 March 2020
IT IS STCA
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On 28 March 2020 at 19:18
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Consultant
1891 Points Posted on 29 March 2020

Short Term Capital Asset

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On 29 March 2020 at 11:33
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job
376 Points Posted on 31 March 2020
If property is hold for more than 24 months only then it is LTCA.
in our case it's equal to 24 months so it will cover under STCA
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On 31 March 2020 at 01:04

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