Calcution of long term capital gain

rahul (student) (151 Points)

10 June 2013  

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