EARLIER

NOW

(Assets held for   more than   36 months   are called Long Term Capital Assets

And

Long Term Capital Gain is charged on it

Assets held for   more than   36 months   are called Long Term Capital Assets

And

Long Term Capital Gain is charged on it

Exception

For Following Assets, period of holding is 12 months instead of 36 months

  • Security listed on Stock Exchange
  • Units of UTI
  • ZCB (Zero Coupon Bonds)
  • Equity Oriented Funds

 

Note:-

Unlisted Shares carried period of 36 Months to be classified as LTCA

Exception

For Following Assets, period of holding is 12 months instead of 36 months

  • Security listed on Stock Exchange
  • Units of UTI
  • ZCB (Zero Coupon Bonds)
  • Equity Oriented Funds

For Following Assets, period of holding is 12 months instead of 24 months

·         Unlisted Shares (i.e. shares not registered on any stock exchange)

 

Hence Period for Unlisted Shares reduced to 24 months from 36 months to be classified as LTCA

Learn More

 

Go Ad-free
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.