Taxation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 November 2014 how will we determine that whether short term or long term capital gain will arise in case when right on share is renounced in favour of any other person?

please answer asap..

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

15 November 2014 just count from the date on which right was acquired to the date on which right was announced. if the period exceeds 3 years, it will be LTCG.

Message likes : 1 times

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

15 November 2014 just count from the date on which right was acquired to the date on which right was announced. if the period exceeds 3 years, it will be LTCG.

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!