short term capital gain

This query is : Resolved 

10 March 2008 LAW : S-2(42A)
STCA --SHARES(WHETHER LISTED OR NOT) HELD FOR <= 12 MONTHS



Q/A : I HAVE A SHARE & I HELD IT FOR 34 MONTHS.BUT I AM CLAIMING IT AS 'STCA'!! IS IT RIGHT OR NOT,If it is right wat is the special feature of that SHARE !!!!

11 March 2008 NO IT IS NOT REIGHT BECOZ SHARES HELD FOR MORE THAN 12 MONTHS FORM PART OF LONG TERM CAPITAL ASSET AND ANY GAIN/LOSS ARISING ON THAT WILL BE LTCG

11 March 2008 Mr Nagendra you are wrong if income claimed as STCG.


11 March 2008 long term capital gain



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