will it be long term capital ??
if MF purchased on 27/5/2011 and sold on 06/04/2012??
which is method is right for calculation of 12 months regarding longterm capital gain??
1. may 2011 to april2012 = 12 months
2. 27,may 2011 to 26 may 2012
2 Replies
ali
(Student CA IPC / IPCC)
(224 Points)
Replied 17 June 2013
| Originally posted by : rahul | ||
 |
will it be long term capital ?? if MF purchased on 27/5/2011 and sold on 06/04/2012?? which is method is right for calculation of 12 months regarding longterm capital gain?? 1. may 2011 to april2012 = 12 months 2. 27,may 2011 to 26 may 2012 |
 |
for determining the holding period ,the period is considered from date of acquisition of assest upto date of transfer
thus ,2ND option is correct
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