Capital Gains can be either

1. Short Term Capital Gain

2. Long term Capital Gain

 

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. Income Tax
  2. Income from Capital Gains
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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 7 years. He provides courses for Mathematics and Science from Class 6 to 12. You can learn personally from here https://www.teachoo.com/premium/maths-and-science-classes/.
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