Capital asset holding period rules classify gains as short-term or long-term across conversions, allotments, and inherited assets. The period of holding for capital assets determines whether gains are short-term or long-term and varies according to the mode of acquisition. In specified cases such as gift, inheritance, amalgamation, demerger, liquidation, demutualisation, corporatisation, conversion, mutual fund consolidation, business trust units, and Electronic Gold Receipts, the earlier holding period is included. For rights issues, bonus shares, ESOPs, redemption-linked shares, and similar allotments, the period runs from the relevant date of allotment, offer, conversion, or redemption request. The ready reckoner also sets out FIFO-based rules, long-term thresholds by asset class, and categories treated as short-term irrespective of holding period.