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Capital gain

Ramya Bhat (254 Points)

29 July 2020

please clarify when it is called as LTCG and STCG of Mutual fund and shares

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4 Replies

CA KARAN SINGH (Auditor at Big 4) (622 Points)
Replied 30 July 2020

Sr. No.	Type of Security		Short Term Capital Asset	Long Term Capital Asset
1	Unlisted Shares	Holding Period	24 months or less	More than 24 months
2	Listed Shares	Holding Period	12 months or less	More than 12 months
3	Equity oriented Mutual Fund	Holding Period	12 months or less	More than 12 months
4	Other Mutual Fund	Holding Period	36 months or less	More than 36 months

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 30 July 2020

..Matual fund :

1. Listed equity funds and equity-oriented hybrid funds, if hold more than 1 year than LTCG

2. Unlisted equity funds, Debt funds and debt-oriented balanced funds and any other fund, if hold more than 3 year than LTCG

..Shares :

1. Listed share, if hold more than 1 year than LTCG

2. Unlisted share, if hold more than 2 year than LTCG

if hold for less than as mentioned above in all case than STCG