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what is long term capital gains & short term capital gains ?
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Answer Posted / lalit
LONG TERM CAPITAL GAINS MEANS THE GAINS WHICH IS HELD
MINIMUM 12 MONTHS(IN CASE OF SHARES) 36 MONTH (OTHER
ASSET).
SHORT TERM CAPITAL GAIN MEANS THE GAINS WHICH IS HELD IN A
SMALL PERIOD I.E REVERSE OF LONG TERM CAPITAL GAIN.
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