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