Period of holding for capital assets is determined by special rules for conversions, declared assets, and specified capital gains cases. Period of holding for capital assets is determined under a special rule for specified cases. For shares or debentures acquired on conversion within section 47(x), the earlier holding period of the original bond, debenture, debenture-stock or deposit certificate is included. For assets declared under the Income Declaration Scheme, 2016, immovable property is reckoned from the date of acquisition if supported by a registered deed, while other assets are reckoned from 1 June 2016.