GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Types of Capital Asset

Income Tax - Capital Gains - 03 - Capital assets are of two types: SHORT TERM CAPITAL ASSET LONG TERM CAPITAL ASSET SHORT TERM CAPITAL ASSET [Sec 2(42A]) means a capital asset held by an assessee for not more than 36 months immediately prior to its date of transfer. However, in the following cases, an asset held for not more than 12 months, is treated as short term capital asset- If transfer takes place after 10th July 2014 If transfer takes place on or before 10th July 2014 Equity or preference .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

whether quoted or not) Units of mutual funds specified under section 10(23D) (whether quoted or not) Zero coupon bonds (whether quoted or not) Zero coupon bonds (whether quoted or not) NOTES: Unlisted shares of a company shall be treated as short term capital asset if these are held for not more than 24 months ( instead of 36 months) immediately preceding the date of transfer. (Third proviso inserted u/s 2(42A) by FA, 2016 w.e.f. A.Y. 2017-18) Unlisted shares of a company or a mutual fund u/s 10 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version