https://www.taxtmi.com/acts?id=8615 The Act expansively defines key terms for tax chargeability: 'person' covers natural and juridical entities; 'short-term capital asset' is generally held not more than twenty-four months with specified twelve-month exceptions for listed securities, certain units and zero coupon bonds; 'transfer' includes sale, exchange, relinquishment, compulsory acquisition, conversion to stock-in-trade and specifically the maturity or redemption of a zero coupon bond; 'virtual digital asset' is defined to include cryptographic tokens and non-fungible tokens, with government power to exclude by notification. Explanatory provisions prescribe how holding periods are computed for transfers arising from amalgamations, demergers, demutualisation and other corporate events. en-us Mon, 28 Apr 2008 22:24:37 +0530 Thu, 14 Aug 2025 16:49:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8615 The Act expansively defines key terms for tax chargeability: 'person' covers natural and juridical entities; 'short-term capital asset' is generally held not more than twenty-four months with specified twelve-month exceptions for listed securities, certain units and zero coupon bonds; 'transfer' includes sale, exchange, relinquishment, compulsory acquisition, conversion to stock-in-trade and specifically the maturity or redemption of a zero coupon bond; 'virtual digital asset' is defined to include cryptographic tokens and non-fungible tokens, with government power to exclude by notification. Explanatory provisions prescribe how holding periods are computed for transfers arising from amalgamations, demergers, demutualisation and other corporate events. Act-Rules Income Tax Mon, 28 Apr 2008 22:24:37 +0530 https://www.taxtmi.com/acts?id=8615