Assets like shares that are listed on a recognised stock exchange and has been held for less than 12 months, are treated as short-term capitals. The proceeds earned through them are treated as short-term capital gains.
source https://www.caclubindia.com/articles/capital-gain-tax-on-shares-49243.asp
source https://www.caclubindia.com/articles/capital-gain-tax-on-shares-49243.asp
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