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.

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.