what is long term capital gains & short term capital gains ?





Answer Posted / sanjay chadha

Long term capital gain is the gain at the time sale of an
asset held for long term(12 months in case of shares & MF
and 36 months in case of other assets). The gain on sale of
asset held for lesser period is known as short term capital gain

Is This Answer Correct ?    10 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us. 

2104


what is procedure to get c form? what is procees to get vat /tin no

1936


HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,

2124


How can deduct tds from auction cases (timber)

1549


HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX

1676






Service tax applicable or not for Govt Guest House contract work.

1616


what is reverse credit & how it is calculated in vat law in west bengal?

8526


i paid tds through my bank account but i entered the assessment year as 2010-11(the current year) instead of 2011-12(actual assessment year). what is the remedy for this. how do i get refund for the wrongly paid sum. or is there any way to currect the assessment year?

1738


procedure of service tax

1695


What is permanent account number (pan)?

738


A Norwegian Company rents some equipment to a customer in India. The Norwegian Company does not have an office in India. The new tax regulations make in mandatory for them to furnish a PAN number without which a with holding tax will be deducted. The Norwegian company will be paying tax on this rental income in Norway. India and Norway have a Double Tax Avoidance Agreement. I wish to know 1) Is it possible for the Norweigian company to avoid the with holding tax in India?

1432


what is excise duty and how can we mantain its account in outgoing and incoming of bill status.

1539


What is the due date of P.Tax return filing for Staff? Yearly Tax amount with Rs. 30,000/-

1886


i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible

1486


how to get input credit in vat & service tax

2245