what is long term capital gains & short term capital gains ?





Answer Posted / 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.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?

3240


how we calculate the tds on salary.

1644


How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)

1530


on earth moving road work which type of tax is applicable?

1430


IF a vendors charges WCT @8.75% what is the rate of TDs to be deducted against that? & can we take the Input of it?

5065






I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.

5405


what do you mean by cenvat? and in which is liable?

2729


DEFINATION OF LABOUR ACT?

1869


What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)

1584


In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.

2109


If we got a printing jon we are adverstising firm for that we purchase paper from local dealer which contain vat 4% now when i bill to the person from whom i got a priniting job what should i consider this as service or sale and what tax i charge, i don't have vat no. but i have service tax no.?

1413


we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.

1513


Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change

1604


What qualification require for become a tax consultant ? what the future in this..???

2266


What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?

1768