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

i am working as an accountant. i forgot to deduct the TDS of one employee in year 2010-11 of Rs.1141/-. Now what is the procedure or solution for it?

6 Answers  

hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.

0 Answers   India Infoline, TCS, Wipro,

What is DSCR and how to calculate the same.

1 Answers  

If my Basic Salary is Rs.23000/- than what is the tax impact on it ie PF,ESIC,PT & TDS with calculation.  and also if i had received only 9mth salary.  

1 Answers   Triple A Overseas Ltd,

what is current TDS (tax deduction at source)rate?

3 Answers   IBM,

My Question is regarding WCT. During an audit of a company, i saw a contractor consolidated invoice for installation at site in which it shows labour charges and goods supply separately and no service tax and vat is charged. The company pay the whole amount to contractor after deducting TDS. my question is whether WCT also deducted? if deducted at which rate if company in gurgaon?

0 Answers  

what is the threshold limit on contract for financial year 2008-09

3 Answers   TCS,

how to calculate vat, st, cst, excise duty, customs duty, tds.

0 Answers   3G Solutions,

If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.

0 Answers  

what is f form & please give me some examples when this is used

5 Answers  

this is regarding the C form. suppose Mr A registered dealer in Haryana and Mr B registered dealer in UP and Mr A issue a Purchase Order which include 4% CST on Price to Mr B for purchasing the goods. In this scenario, is Mr A is required to issue the Form C to Mr B?

3 Answers  

Any body give journal entry for this PURCHASEA/C DR 500 S.TAX 50.0 SUNDRY CREDITOR 450.00 AND Which amount i taken in purchase ledger and which amount i taken in s.Tax ledger and which amount i taken in sundry creditors ledger wat are the details i require to maintain with regard to submitting of s.Tax return

3 Answers