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what is long term capital gains & short term capital gains ?
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Answer Posted / 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
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