The following assets will be treated as long term capital assets, if transferred after 12 months, except:
A. Listed equity or preference shares in a company
B. Listed securities
C. Units of UTI or of an equity oriented mutual fund whether or not quoted.
D. Unlisted shares
Answer:D
The following assets will be treated as long term capital assets, if transferred after 12 months, except:
A. Listed equity or preference shares in a company B. Listed securities C. Units of UTI or of an equity oriented mutual fund whether or not quoted. D. Unlisted shares