Capital gain is termed as profit received from the sale of real estate, bonds and golds, where sale price exceeds the purchase price.
Capital gain is negative if the purchase price exceeds sale price and it is termed as loss.
The losses can be set off and carry forward.
Holding period= The period for which the asset is owned by the assessee
1. Immovable asset (Plot, Land, Shop, Godown, Building, Equity Shares unlisted, Other securities unlisted)
For this assets if the holding period is more than 24 months then it is Long term Capital gain and if it less than 24 months then it is short term capital gain.
2. Gold, other assets, Bonds, Debentures, Mutual Fund debt, GDR unlisted 115 ACA
For this assets if the holding period is more than 36 months then it is Long term Capital gain and if it less than 36 months then it is short term capital gain.
3. Equity shares listed, Mutual fund debt, Mutual fund hybrid, Zero coupon bonds, GDR listed 115 ACA
For this assets if the holding period is more than 12 months then it is Long term Capital gain and if it less than 12 months then it is short term capital gain.