Any capital asset other than equity or preference shares, securities such as debentures listed on a recognized stock exchange , or Units of the UTI or units of Mutual Fund specified under section 10(23D), Zero coupon Bonds; which is held by a person for less than 36 months before the date of it’s transfer is a short term capital asset. (less than 12 months in case of equity or preference shares, securities such as debentures listed on a recognized stock exchange , or Units of the UTI or units of Mutual Fund specified under section 10(23D), Zero coupon Bonds.)
Short term capital Asset, Income tax return, Tax filing This page explains about the short term capital asset and the conditions under which it is applicable.
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