Capital gain

please clarify when it is called as LTCG and STCG of Mutual fund and shares
Replies (4)
Quick Summary
This discussion clarifies the distinction between Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) for investments in shares and mutual funds. It outlines the specific holding periods required to classify gains as long-term for various asset types, including listed and unlisted shares, equity-oriented mutual funds, and other types of mutual funds.

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
..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
You can go with my article https://taxhub05.blogspot.com/2020/07/when-capital-assets-will-consider-as.H T M L
Thank you all

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