could you please explain me the short term capital gain and a long term capital gain concept, how they are calculating ??
briefly plse
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Short versus long
Replies (6)
When assets sold after 3 year then long term capital gain otherwise short term.
However in case of shares, period of holding is 1 year
However in case of shares, period of holding is 1 year
My honorable mam what is mean by indexation in this capital gain
Indexation is used to adjust the purchase price of an investment to reflect the effect of inflation on it. A higher purchase price means lesser profits, which effectively means a lower tax.
Long term Capital gain and short term Capital gain are two seperate concepts.
Already known....
Period of holding for STCA is 36 months.
24months for land n building and unlisted shares.
12 months for foll. four assets:-
1.listed securites
2.zero coupon bonds
3.Units of UTI
4.Units of mutual funds u/s 10(23D)
24months for land n building and unlisted shares.
12 months for foll. four assets:-
1.listed securites
2.zero coupon bonds
3.Units of UTI
4.Units of mutual funds u/s 10(23D)
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