All Shares enjoy long term capital gain benefit on transfer after 12 months

CIT Vs Exim Rajathi India Pvt. Ltd. (Madras High Court) We take note of the Explanatory Notes to the Provisions of the Finance (No.2) Act, 2014 vide Circular No. 01/2015, dated 21.01.2015. In paragraph 5.2 of the Circular, it has been stated as follows:- “5.2. The shorter period of holding of not more than twelve months for consideration as short-term capital asset was introduced for encouraging investment on stock market where prices of the securities are market determined. However, all shares whether listed or unlisted have enjoyed the benefit of short period of holding and even any invest...