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AJAY WALIA (ACCOUNTANT BY PROFESSION)     30 July 2021

Short term capital gain on bonds

Where to show short term capital gain from the sale of bond (ABSL Corporate bon) in the ITR form.


 25 Replies

Manish

Manish (CA)     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
Sourav

Sourav (Student)     30 July 2021

Yes STCG should be shown in ITR
Sunny James

Sunny James (Manager)     31 July 2021

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

Nidhi

Nidhi (Chief Accountant)     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

Sunny James (Manager)     31 July 2021

What about unlisted equity shares ? holding period 

Nidhi

Nidhi (Chief Accountant)     31 July 2021

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

Sunny James (Manager)     31 July 2021

Is same provision is applicable for mutual fund also ??

Nidhi

Nidhi (Chief Accountant)     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
Sunny James

Sunny James (Manager)     31 July 2021

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

Nidhi

Nidhi (Chief Accountant)     31 July 2021

No there is no difference regarding holding period as like equity / preference shares
1 Like
Sunny James

Sunny James (Manager)     31 July 2021

For land and building 

Nidhi

Nidhi (Chief Accountant)     31 July 2021

Holding period of more than 36 month I e 3year is considered as long term in that case
1 Like
Sunny James

Sunny James (Manager)     31 July 2021

For bullion and jewelry ??

Nidhi

Nidhi (Chief Accountant)     31 July 2021

For all other assets 36 month criteria is applicable,
except specific cases of share, securities, mutual fund bond ect.
1 Like

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