Short Term Capital Gains Tax is the tax levied on profits generated from the sale of an asset which is held for a government-defined short period is called short-term capital gains tax.
Short-term capital gains can be explained as the profits that have been generated through the sale of capital assets that were held for less than 36 months.
If the gains generated by shares are a short-term capital gain or not is decided by its holding period.
The short term period differs for various items for example,
For immovable property such as
The holding period was reduced in FY 2017-18 from 36 months or less to 24 months or less.