Types of Capital Gains

Capital Gains can be either

1. Short Term Capital Gain

2. Long term Capital Gain

It depends upon type of Capital Asset, whether Short Term Capital Asset(STCA) or Long Term Capital Asset (LTCA)

If  STCA  Sold-

Gain is STCG/Loss is STCL

If  LTCA  Sold

Gain is LTCG/Loss is LTCL

If Asset held for more than 2 years,it is a Long Term Capital Asset and Long Term Capital Gain will be charged on it.