For being long term capital gain, the asset should be retained by the assessee for a period of:

Name: For being long term capital gain, the asset should be retained by the assessee for a period of:
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Long-term capital gain refers to the profit from the sale of an asset held for more than 36 months. This duration is a general criterion for most assets to qualify their gain as long-term, although there are exceptions based on the type of asset.

For Being Long Term Capital Gain, the Asset Should Be