short/ long term capital asset
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2010
if debentures of a company are held for a period of 15 months, would it be a short term capital asset?
19 November 2010
If listed then long term
If unlisted then short term.
No indexation allowable.
If unlisted then short term.
No indexation allowable.
19 November 2010
Listed Shares and securities of the company shall be regarded as short term capital asset if it had hold more than 12 month before the date of transfer.
In any case no benefit of indexation will be availed
Listed Shares and securities of the company shall be regarded as short term capital asset if it had hold more than 12 month before the date of transfer.
In any case no benefit of indexation will be availed
19 November 2010
Agreed with adiytya
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