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what is long term capital gains & short term capital gains ?
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Answer Posted / 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
| Is This Answer Correct ? | 10 Yes | 3 No |
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