Dear members,
Please suggest whether whether capital gain derived on sale of mutual fund held for 366days is short term or long term?
2 Replies
banpreet
(audit article)
(27 Points)
Replied 16 June 2015
In case of units of mf,if they are transferred during the period beg.on 1-4-2014 and ending on 10-7-2014,the period of holding shall b taken as 12 month or less to qualify as STCG.
banpreet
(audit article)
(27 Points)
Replied 16 June 2015
This is the amendment effective from AY 2015-2016
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