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They can be either
1.Short Term Capital Asset
(Assets held for upto holding period before the date of trasnfer are called STCA)
2.Long term Capital Asset
(Assets held for more than holding period are called LTCA)
What is Holding Period
it depends upon type of Assets
| Capital Asset | Holding Period to be termed as Long term |
| Land and Building | 36 month 24 Months or more |
| Unlisted Shares | 24 Months or more |
| Listed Shares | 12 Months or more |
| Units of Equity Oriented Mutual Funds and Securities | 24 Months or More |
| Other Capital Asset | 36 Months or more |
