holding period under capital gain in DTC

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... I WANT TO UNDERSTAND UNDER WHICH PROVISION ONE NEEDS TO HOLD SECURITIES TO ENABLE ITSELF AS LONG TERM FOR A PERIOD WHERE ONE FISCAL YEAR HAS TO ELAPSE IN BETWEEN .AS TOLD/HEARD ANY SECURITIES PURCHAS .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ED SAY ON 2.11.2010 WOULD BE ENTITLED FOR BENEFITS OF LONG TERM ONLY AFTER 1.04.2012 ? - Reply By Surender Gupta - The Reply = Section 2(42A) of the Income Tax Act, 1961 provides the meaning .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of short term assets and section 2(29A) provides that long term assets are those assets which are not short term assets. Accordingly, in case of securities, specified in section 2(42A), the period .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of holding of 12 months is sufficient to make it long term. There is no need cross the financial year once the period of 12 months completes any period of time from the date of acquisition. - holding .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... period under capital gain in DTC - Query Started By: - mahesh mundhra Dated:- 2-11-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, persona .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... l opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X