10 March 2008
LAW : S-2(42A) STCA --SHARES(WHETHER LISTED OR NOT) HELD FOR <= 12 MONTHS
Q/A : I HAVE A SHARE & I HELD IT FOR 34 MONTHS.BUT I AM CLAIMING IT AS 'STCA'!! IS IT RIGHT OR NOT,If it is right wat is the special feature of that SHARE !!!!
11 March 2008
NO IT IS NOT REIGHT BECOZ SHARES HELD FOR MORE THAN 12 MONTHS FORM PART OF LONG TERM CAPITAL ASSET AND ANY GAIN/LOSS ARISING ON THAT WILL BE LTCG
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