Capital Gains can be either

1. Short Term Capital Gain

2. Long term Capital Gain

 

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It depends upon type of Capital Asset, whether Short Term Capital Asset(STCA) or Long Term Capital Asset (LTCA)

 

If  STCA  Sold-

Gain is STCG/Loss is STCL

If  LTCA  Sold

Gain is LTCG/Loss is LTCL

If Asset held for more than 2 years,it is a Long Term Capital Asset and Long Term Capital Gain will be charged on it.

  1. Practical Income Tax
  2. Important Points of Different Incomes

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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.