Holding period rule for allotted financial assets clarified: period to be reckoned from the allotment date when allotted without payment. An Explanation is inserted specifying that when a capital asset that is a financial asset is allotted without payment and on the basis of holding another ... Summary
Holding period rule for allotted financial assets clarified: period to be reckoned from the allotment date when allotted without payment.
An Explanation is inserted specifying that when a capital asset that is a financial asset is allotted without payment and on the basis of holding another financial asset, the period for determining its status shall be reckoned from the date of allotment of the newly allotted financial asset.
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