ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Short term capital gain on bonds

AJAY WALIA (ACCOUNTANT BY PROFESSION)   (34 Points)

30 July 2021  
Where to show short term capital gain from the sale of bond (ABSL Corporate bon) in the ITR form.

 25 Replies

Manish (CA) (163 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

Sourav (Student) (23759 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) (2060 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) (2060 Points)
Replied 31 July 2021

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

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

Is same provision is applicable for mutual fund also ??

Nidhi (Chief Accountant) (2060 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

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

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

Nidhi (Chief Accountant) (2060 Points)
Replied 31 July 2021

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

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

For land and building 

Nidhi (Chief Accountant) (2060 Points)
Replied 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 (Manager) (57 Points)
Replied 31 July 2021

For bullion and jewelry ??

Nidhi (Chief Accountant) (2060 Points)
Replied 31 July 2021

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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading



Subscribe to the latest topics :
Search Forum:

Trending Tags