TaxTMI 
TaxTMI 
Long Term or Short term capital assets considering holding period
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....ong Term or Short term capital assets considering holding period<br> Query (Issue) Started By: - PRIYAM KHAMBHATA Dated:- 26-6-2026 Last Reply Date:- 29-6-2026 Income Tax<br>Got 2 Replies<br>Income Ta....
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....x<br>Respected Sir My client has sold equity shares on 04/06/2025 and the same has been purchased on 04/06/2024, Now my question is in such sale transaction what type of capital gain Long Term or S....
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....hort Term would be treated. As per my understanding it would be short term capital gain. Am I right ? Please guide me for tax treatment Reply By Eshaan Singal: The Reply: If the asset is 112A ....
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....asset, then its long term. POH will be from 04/06/2024 - 03/06/2025. This is 12 Months. In your case it has exceeded by 1 day. So it's LTCG. Reply By Ryan Vaz: The Reply: Your understanding i....
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....s correct. The capital gain arising from the sale of equity shares purchased on 04/06/2024 and sold on 04/06/2025 will be treated as a Short Term Capital Gain (STCG). This is because the holding perio....
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....d is exactly 12 months, and for listed equity shares, a holding period of more than 12 months is required for it to be classified as a Long Term Capital Asset. Such STCG, if arising from the sale of l....
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....isted equity shares on which Securities Transaction Tax (STT) has been paid, will be taxed at a special rate of 15% under Section 111A of the Income-tax Act, 1961.<br> Discussion Forum - Knowledge Sha....
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....ring ....