![]() Short-term capital gains covered under section 111A.Short-term capital gains (STCG) are divided into 2 types: Period of holding to be considered as 24 months instead of 36 months in case of unlisted shares of a company or an immovable property being land or building or both.Īny other capital asset held by the taxpayer for a period of not more than 36 months immediately preceding the date of its transfer will be treated as short-term capital asset.ĢB. In respect of certain assets like shares (equity or preference) which are listed in a recognised stock exchange in India (listing of shares is not mandatory if transfer of such shares took place on or before July 10, 2014), units of equity oriented mutual funds, listed securities like debentures and Government securities, Units of UTI and Zero Coupon Bonds, the period of holding to be considered is 12 months instead of 36 months. Period of holding for short term capital gains: more on How GOLD help you afloat in a turbulent economy and its tax impactĢA. Sovereign Gold Bond Scheme issued by RBI are 100% tax free at the time of redemption.Gold Deposit Bonds issued under the Gold Deposit Scheme 1999 or deposit certificates issued under the Gold Monetisation Scheme, 2015.Specified Gold Bonds : 6 1/2 per cent Gold Bonds, 1977 or 7 per cent Gold Bonds, 1980 or National Defence Gold Bonds, 1980 issued by the Central Government.Refer When to consider Agriculture Land as Capital Asset? to know more. Population is to be considered according to the figures of last preceding census of which relevant figures have been published before the first day of the year. Not being more than 8 KMs, if population of such area is more than 10 lakhs.Not being more than 6 KMs, if population of such area is more than 1 lakh but not exceeding 10 lakhs, or. ![]()
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