Capital asset holding period rules govern short-term and long-term classification, including special treatment for market linked debentures and specified mutual fund units. Capital assets are classified as short-term or long-term according to the applicable holding period, with shorter 12-month treatment for specified assets such as listed securities, UTI units, equity-oriented fund units, and zero-coupon bonds. The holding period rules include special inclusions and exclusions for assets acquired through liquidation, succession, amalgamation, demerger, demutualisation, rights subscriptions, employee securities, mutual fund consolidation, segregated portfolios, and electronic gold receipts. Market linked debentures, specified mutual fund units, and certain unlisted bonds or debentures are subject to special short-term capital gain treatment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital asset holding period rules govern short-term and long-term classification, including special treatment for market linked debentures and specified mutual fund units.
Capital assets are classified as short-term or long-term according to the applicable holding period, with shorter 12-month treatment for specified assets such as listed securities, UTI units, equity-oriented fund units, and zero-coupon bonds. The holding period rules include special inclusions and exclusions for assets acquired through liquidation, succession, amalgamation, demerger, demutualisation, rights subscriptions, employee securities, mutual fund consolidation, segregated portfolios, and electronic gold receipts. Market linked debentures, specified mutual fund units, and certain unlisted bonds or debentures are subject to special short-term capital gain treatment.
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