Any capital asset which is held by a person for more than 36 months (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) before the date of its transfer is a Long term capital asset.
capital asset, long term capital asset, equity, shares, debentures, stock exchange, uti, mutual fund, bonds This article explains about Long term Capital asset. This page describes the types of long term capital asset.
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