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Short term capital gain on bonds

AJAY WALIA (ACCOUNTANT BY PROFESSION) (35 Points)

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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25 Replies

Manish (CA) (1076 Points)
Replied 30 July 2021

In short term capital gain table:

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

2 Like

CA. Sourav Sarkar (Chartered Accountant ) (24578 Points)
Replied 30 July 2021

Yes STCG should be shown in ITR

Sunny James (Manager) (57 Points)
Replied 31 July 2021

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

Nidhi (Chief Accountant) (3150 Points)
Replied 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.

1 Like

Sunny James (Manager) (57 Points)
Replied 31 July 2021

What about unlisted equity shares ? holding period

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Unlisted share having holding period more than 24 month are considered as long term, otherwise short term

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Sunny James (Manager) (57 Points)
Replied 31 July 2021

Is same provision is applicable for mutual fund also ??

Nidhi (Chief Accountant) (3150 Points)
Replied 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

1 Like