Capital gain on shares

RAMESH CHANDRA SHARMA (munka istentisztelet) (899 Points)

14 October 2011  

     mr. A purchased 500 shares @ rs20    in physical form of xyz ltd on 01.09.2008.......

     he dematerialised these shares and the shares were credied in 20.09.10 in his demate a/c,,

   on 22.11.2010 he sold these shares @ rs 320......now what will be the tax consequences ...whether it is a long term or short term gain.......pls guide....