In terms of section 2(42A), listed securities are treated as long-term capital asset, if they are held for a period of more than

CS Executive · Tax Laws and Practice · PYQS · June 2015
In terms of section 2(42A), listed securities are treated as long-term capital asset, if they are held for a period of more than
(A) 12 Months
(B) 36 Months
(C) 24 Months
(D) 48 Months.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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