CA Sansaar

Q. > Please Help: holding of share in demate account for long term capital gain
user

182 views • Question added Dec 17, 2013 • Income Tax • By manoj kapadiya , mumbai


whether required to be hold shares in demate account for one year for long term capital gain

2 Answers

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.


subscribe
user

ANUJ GUPTA

19-Dec-2013 , 01:26:19 pm

Holding 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.

user

heeral

19-Dec-2013 , 07:12:08 pm

Yes 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

Ask a question:
Experts Panelist
Profile Image
Rambabu Senkarasetti
Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 409
Profile Image
CA Satuti Mahajan
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 291
Profile Image
Vikash Kumar Jha
Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 270
Profile Image
Rishabh Upadhyay
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 257
Profile Image
Ashish Karundia
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 257
Profile Image
Mrattunjay
Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 220
Profile Image
PRIYANKA
Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 136
Profile Image
CA. SURESH Kr. AGARWAL
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 131
Profile Image
Vaneet Gupta
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 120
Profile Image
Ketan Samdani
Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT
Answers Posted : 117
View more
4856
QUESTIONS
4692
ANSWERS
807
EXPERTS
2701
QUERIST
Home Jobs Empanelment Queries Profile