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Short term capital gain on bonds

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ACCOUNTANT BY PROFESSION
35 Points Posted on 30 July 2021
Where to show short term capital gain from the sale of bond (ABSL Corporate bon) in the ITR form.
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On 30 July 2021 at 18:28 Report
Replies (25)
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CA
1218 Points Posted on 30 July 2021

In short term capital gain table:

From sale of assets other than at A1 or A2 or A3 or A4 above

1 Reply
On 30 July 2021 at 19:22
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Chartered Accountant
24588 Points Posted on 30 July 2021
Yes STCG should be shown in ITR
129 Reply
On 30 July 2021 at 20:51
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Manager
57 Points Posted on 31 July 2021

What is a difference between short term / long term capital Gain

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On 31 July 2021 at 01:18
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Chief Accountant
3150 Points Posted on 31 July 2021
It's depends upon a period of holding of capital asset.
like listed share sold within year, it's considered as short term and after 1 yera it's considered as lon term ect.
9 Reply
On 31 July 2021 at 01:43
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Manager
57 Points Posted on 31 July 2021

What about unlisted equity shares ? holding period 

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On 31 July 2021 at 01:44
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Chief Accountant
3150 Points Posted on 31 July 2021
Unlisted share having holding period more than 24 month are considered as long term, otherwise short term
9 Reply
On 31 July 2021 at 01:45
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Manager
57 Points Posted on 31 July 2021

Is same provision is applicable for mutual fund also ??

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On 31 July 2021 at 01:46
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Chief Accountant
3150 Points Posted on 31 July 2021
No,
for equity oriented Mutual fund, than more than 12 month considered bas long term
where as for debt oriented Mutual fund more than 36 month is considered as long term
9 Reply
On 31 July 2021 at 01:48
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Manager
57 Points Posted on 31 July 2021

Is there any difference for listed or unlisted mutual fund ??

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On 31 July 2021 at 01:49
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Chief Accountant
3150 Points Posted on 31 July 2021
No there is no difference regarding holding period as like equity / preference shares
9 Reply
On 31 July 2021 at 01:50
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Manager
57 Points Posted on 31 July 2021

For land and building 

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On 31 July 2021 at 01:50
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Chief Accountant
3150 Points Posted on 31 July 2021
Holding period of more than 36 month I e 3year is considered as long term in that case
9 Reply
On 31 July 2021 at 01:51
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Manager
57 Points Posted on 31 July 2021

For bullion and jewelry ??

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On 31 July 2021 at 01:52
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Chief Accountant
3150 Points Posted on 31 July 2021
For all other assets 36 month criteria is applicable,
except specific cases of share, securities, mutual fund bond ect.
9 Reply
On 31 July 2021 at 01:54


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