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What are long term and short term capital assets?
23-May-2023 (In Tax Law)
What do we mean by long term and short term capital assets?
A capital asset held for not more than 36 months or less is a short-term capital asset. An asset that is held for more than 36 months is a long-term capital asset.
For example, a house property held for more than 3 years is termed as a long-term capital asset.
For example, a house property held for more than 3 years is termed as a long-term capital asset.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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