What is the capital gain

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F H G (Querist)
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23 November 2009 What is the capital gain?
I am a little confuse about capital gain

Thanks in advance

fazle_sap_fi@yahoo.in

shakuntala chhangani

shakuntala chhangani (Expert)
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23 November 2009 Any asset is a capital asset. If the the assessee holds the asset for not more than 36 months(12 months in case of shares/securities/UTI/units of mutual funds/zero coupon bonds), it will be called short term capital asset. if the period of holding is more than 36 months / 12 months, as the case may be, it is long term capital asset. regards, CA Shakuntala Chhangani

CA. Rishabh Mittal

CA. Rishabh Mittal (Expert)
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23 November 2009 Gain or Loss on transfer of Capital Asset is termed as Capital Gains or Losses. It can be short term or long term depending upon the holding period of such capital asset.

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F H G

F H G (Querist)
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23 November 2009 thank you sir