They can be either

1.Short Term Capital Asset

(Assets held for upto holding period  before the date of trasnfer are called STCA)

2.Long term Capital Asset

(Assets held for more than holding period are called LTCA)


What is Holding Period

it depends upon type of Assets

Capital Asset Holding Period to be termed as Long term
Land and Building 36 month 24 Months or more
Unlisted Shares 24 Months or more
Listed Shares 12 Months or more
Units of Equity Oriented Mutual Funds and Securities 24 Months or More
Other Capital Asset 36 Months or more



  1. Income Tax
  2. Income from Capital Gains

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.