Capital Gains Rate & Period of Holding Calculator

There are different types of capital assets on which the taxpayers are required to pay capital gains tax. They are

1. Listed shares
2. unlisted shares
3. Equity Mutual Funds
4. Debt oriented Mutual Funds
5. Gold
6. Debentures or Bonds
7. Units of UTI
8. Zero Coupon bonds
9. Immovable property including land, building , agriculture lands etc

There are 2 different types of capital gains. They are Short term capital gain and Long term capital gain. Short term capital gain and long term capital gain is determined by the period of holding

Period of holding means the amount of time the assets is held by the taxpayer. The period of holding is different for different types of assets.

The period of holding for short term capital gains is different for different assets

1. For listed shares , Equity mutual Funds, Zero Coupon Bonds or Units of UTI- the period of holding should be less than 12 months to be qualified as Short term
2. For Immovable properties /unlisted shares - the period of holding should be less than 24 months to be qualified as short term
3. For any other assets- the period of holding should be less than 36 months to be qualified as short term

NOTE: W.e.f 23rd July 2024, the period of holding is rationalized for all types of assets in Budget 2024. For any other capital asset like Gold, Debentures etc, the holding period is changed to 24 months from 36 months. If the taxpayer holds any other capital asset for a period of not more than 24 months immediately preceding the date of its transfer, then it will be treated as short term capital Asset.

The period of holding for long term capital gains is different for different assets

1. For listed shares , Equity mutual Funds, Zero Coupon Bonds or Units of UTI- the period of holding should be more than 12 months to be qualified as Long term
2. For Immovable properties /unlisted shares - the period of holding should be more than 24 months to be qualified as long term
3. For any other assets- the period of holding should be more than 36 months to be qualified as long term

NOTE: W.e.f 23rd July 2024, the period of holding is rationalized for all types of assets in Budget 2024. For any other capital asset like Gold, Debentures etc, the holding period is changed to 24 months from 36 months. If the taxpayer holds any other capital asset for a period of more than 24 months immediately preceding the date of its transfer, then it will be treated as Long term capital Asset.

The new holding period for long-term capital gain is applicable from 23rd July 2024. The assets transferred on or after 23rd July 2024 will have the holding period as 24 months instead of 36 months