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capital gain

This query is : Resolved 
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(Querist)
20 September 2017 we have unlisted shares purchased in the financial year 2014-2015 but where as other company alloted shares in the year 2015-2016 my qtn we have treat this above transaction to be taken as longterm capital or shortterm capital pl specify
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 September 2017 if period of holding is more than 3 years, it will be treated as long term.
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Prakash Rao

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Prakash Rao (Querist)
20 September 2017 for the financial 2017-2018 they have amended onlyyears holding pl lookinto
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Prakash Rao

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Prakash Rao (Querist)
20 September 2017 2years of holding is enough
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 September 2017 yes, for financial year 2017-18.....2 years
for financial year 2016-17....3 years

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