SHORT-TERM CAPITAL GAINS v/s LONG-TERM CAPITAL GAINS
SHORT-TERM CAPITAL GAMS v/s LONG-TERM CAPITAL GAINS
•
Short-Term Capital Gains
(Section 2(42B)}: Gains/losses arising
on the transfer of a short-term capital asset are referred
to as short-term Capital gains/losses.
•
Long-Term Capital Gains
(Section 2(29b)}: Gains/losses arising
on the transfer of a long-term capital asset are referred to as long-term capital gains/losses.
•
The period of holding
of a capital asset determines whether such capital
asset would qualify
as a short-term capital asset or a long-term capital
asset.
• Generally, a capital asset is said to be a short-term capital asset if its period of holding does not exceed 36 months (ie 3 years); if the capital asset is held for a period exceeding 36 months, it is said to be a long-term capital asset. However, there are certain exceptions to this general rule. The exceptions have been captured in the table given below (POH = Period of Holding):
|
Type of Capital Asset |
Short-Term. |
Long-Term |
|
Listed Shares
(Equity/Preference) |
POH < 12 Months |
POH > 12 Months |
|
Unlisted Shares
(Equity/Preference) |
POH < 24 Months |
POH > 24 Months |
|
Months Listed Securities
(Debentures, Bonds, etc) |
POH < 12 Months |
POH > 12 Months |
|
Units of Unit Trust of India
('UTI') (Listed/Unlisted) |
POH < 12 Months |
POH > 12 Months |
|
Units of Equity
Oriented Mutual Fund (Listed/Unlisted) (in
an equity oriented mutual
fund, at least
65% of the
total funds are invested in equity shares) |
POH < 12 Months |
POH > 12 Months |
|
Zero Coupon Bond
(Listed/Unlisted) |
POH < 12 Months |
POH > 12 Months |
|
Immovable Property
(Land/Building/Both) |
POH < 24 Months |
POH > 24 Months |
|
Any Other Capital Asset |
POH < 36 Months |
POH > 36 Months |
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#SHORTTERMCAPITALGAMSvsLONGTERMCAPITALGAINS
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