Short-term capital asset definition revised to extend holding-period threshold and insertion of additional withholding provision reference. The amendment adds "194D" after "194B" in the clause listing withholding-tax provisions, expanding the specified withholding provisions, and replaces the ... Summary
Short-term capital asset definition revised to extend holding-period threshold and insertion of additional withholding provision reference.
The amendment adds "194D" after "194B" in the clause listing withholding-tax provisions, expanding the specified withholding provisions, and replaces the prior shorter holding-period threshold for the definition of "short-term capital asset" with a longer holding-period threshold, thereby reclassifying certain disposals for capital gains characterisation from the amended commencement date.
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