CA Day celebration 2024 Easy Office
LCI Learning

short/ long term capital asset

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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?
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
19 November 2010 If listed then long term
If unlisted then short term.

No indexation allowable.
Profile Image

CA.ViVeK M ACA

Profile Image

CA.ViVeK M ACA (Expert)
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
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

taxindiaconnect

Profile Image

taxindiaconnect (Expert)
19 November 2010 Agreed with adiytya

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links