Answer / sybin

Long term capital gain is the gain we get after 1
year.eg.IF WE buy the share of infoys and sell it only
after 1 year it is long term capital gain.and shorter
period within a year is short term capital gain

Answer / 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

Answer / 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.

Answer / parveen kumar

=Capital gains are taxed differently depending on whether your investment is considered a long-term or a short-term investment.
The short-term holding period is one year or less. Short-term capital gains are taxed at ordinary income tax rates.

The long-term holding period is more than one year.

Answer / sindujaramkumar

long term capital gain:
long term capitalasset are those which are held for more
than 36 months preceeding the date of transfer in case of
non financial asset like land,building etc


financial assets: in case of this the asset should held for
more than 12 months months preceeding the date of
transfer.it includes security,shares and bonds.
the gain which arises from this is called the long term
capital gain.

short term capital gain:

short term capital asset are those which is less than 36
months in case of non financial asset and less than 12
months in case of financial asset the gain which arises
from this is called short term cap gain

Answer / p. navaneetha krishnan

Long Term Capital Gain.

Gain on Sale of Assets / Shares, not less than 36 months
is called Long Term Capital Gain.

Short Term Capital Gain.

Gain on Sale of Assets / Shares, not greater than 36
months is called Short Term Capital Gain.

Capital Gain is Nothing But, Difference between a Sales
Amount - Purchase Amount of Asset like (Bulding / Shares /
Land)

Answer / ravindra

long term capital gain for land, house, e.t.c the
minimum duration is three or more then three years

short term caital gain forland, house, e.t.c the
minimum duration is up to three years

but where as in securities

after 1year it will become long term capital asset
up to i year it will be treated as short term

what is waybill ? when we supplied a machine to Gujarat from Hyderabad they asked waybill. How it is different from consignment note?

2 Answers  

Can CST credit be claimed on CST paid? Is there a concept like Cenvat credit in CST just like in VAT?

1 Answers  

what is the difference between Vat-100 and Vat-120

6 Answers   HCL,

Please mail me the TDS rates for the year 07-08? aamirdeba@in.com

0 Answers  

what is general entry if CST charged on purchase of Material and if there is partly Purchase Return?

1 Answers  

What about sur charge on income tax for the individuals who crossed 10lks for the year 2009-10

2 Answers  

WHAT IS THE MANAGEMENT ?

1 Answers   Ikea,

Can we deduct tds on travel agents,if yes then what is the rate & section? ... For the current TDS rates in India, and more information about TDS deduction

5 Answers   Veer-O-Metals,

V R MAKING COMMERCIAL CUM EXCISE INVOICE,THEN HOW INVOICE NUMBER CAN BE GIVEN COMBINDLY OF TAX INVOICE/RETAIL INVOICE AND EXCISE INVOICE.

2 Answers   Jade Software,

There is a sales return in the month of April'09, we didnot take input credit for such return. shall it possible to take now? what the time limit to take such sales return input credit in VAT?

2 Answers   Genpact,

We are Interior Decorators in Chennai,Tamilnadu. I would like to know the vat applicable for us 14.5% or 5%. We supply the material and do the works at the sites itself.

0 Answers  

Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..

0 Answers