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Q. > Please Help: holding of share in demate account for long term capital gain
whether required to be hold shares in demate account for one year for long term capital gain
answered Dec 18, 2013 by SUBHASH KUMAR JHA , Darbhanga
yes
answered Dec 18, 2013 by shankygarg , Karnal
Shares held for less than a year result in short term capital gain if sold at a price higher than the purchase price else result in capital loss. On the other hand, if the shares are held for over a year, long-term capital gain or loss accrue on sale of shares.
CA Sansaar

Comments
ANUJ GUPTA
19-Dec-2013 , 01:26:19 pmHolding of shares in Demate form is not MANDATORY to determine long term or short term assets. share held in physical form also called long term assets after 1yr.
heeral
19-Dec-2013 , 07:12:08 pmYes holding of shares in demat is not mandatory for gains to be long term capital gains. However, for claiming exemption of such capital gains it is necessary that securities transaction tax is paid on such sale and it should be sold on recognised stock exchange. For making such sale, demat account would be required