The newest property the latest assessee keeps for over 36 months are titled much time-name resource possessions. The profits off attempting to sell such property have been called enough time-identity money progress.
When the unlisted shares, homes, or any other immovable possessions take place for more than a couple of years, its believed a long-label resource investment.
- Indexed ties
- Units out of Security situated fund
- Zero-coupon thread
To own Point 54 of your own Income tax Operate, our home assets should be held for more than 2 years to take on a valuable asset as the a lengthy-title financial support resource.