Stcg on sale of unlisted equity shares

If the unlisted shares are purchased :

1.  before 11.7.2014 - for 12 months holding period unlisted shares will be considered as SHORT TERM CAPITAL ASSET after that LONG TERM CAPITAL ASSET .

2. on or after 11.7.2014 - for 36 month holding period unlisted share will be considered as SHORT TERM CAPITAL ASSET after that LONG TERM CAPITAL ASSET.

As long as the shares are SHORT TERM CAPITAL ASSET indexation benefit will not be available.