The land is acquired on 22-11-2018 and sold on 18-11-2020, whether this is to be considered as short term or long term for Capital Gain purpose?
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Quick Summary
This discussion clarifies whether a land sale, acquired on 22-11-2018 and sold on 18-11-2020, qualifies as Short Term Capital Gains (STCG) or Long Term Capital Gains (LTCG) for tax purposes. The consensus is that since the period of holding (POH) is less than 36 months, it falls under STCG.