Question
What is the time limit for holding of a Financial Asset,
to be called Short Term Capital Asset?Solution
• Short Term Capital Asset- It means Capital asset held by the assessee for not more than 36 months, immediately prior to the date of transfer. The following assets are to be treated as short term capital assets in case they are held for not more than 12 months: - o Equity or preference shares in a company which are listed in any recognized stock exchange in India; o Other listed securities; o Units of UTI; o Units of equity-oriented funds; or o Zero Coupon Bonds. • However, unlisted shares and immovable property i.e., being land or building or both, held for not more than 24 months immediately prior to the date of transfer shall be treated as short-term capital asset.
130 114 106 102 100 ?
3720 3842 ? 4092 4220 4350
...0Â Â Â Â Â Â 2 Â Â Â Â Â Â Â 6Â Â Â Â Â Â 12 Â Â Â Â Â Â 20Â Â Â Â Â Â Â ?
...17Â Â Â Â Â ? Â Â Â Â Â 2142 Â Â Â Â Â Â 12852 Â Â Â Â Â Â 64260Â Â Â Â Â Â 257040
...133    183    220    ?     263     273
...720    ?     240     180      144     120
...12 7 10 25 107 ?
...125 36 343 ? 729 100
...8   24    12    ?   18     54
10 59 ? 1169 3503 7001
...
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