https://www.taxtmi.com/article/detailed?id=5385 Characterisation of capital gains depends on the holding period; Section 50 provides a deeming fiction limited to computation of gains on transfer of block assets (using WDV, additions and sale proceeds) and treats the computed amount as arising from short-term capital assets only for that computation. For set-off and carry forward under Section 74, losses and gains must be matched according to the asset's actual long-term or short-term character determined by period of holding, so Section 50's computational deeming does not change entitlement to set-off linked to holding-period-based provisions. en-us Wed, 11 Dec 2013 09:42:05 +0530 Wed, 11 Dec 2013 09:42:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5385 Characterisation of capital gains depends on the holding period; Section 50 provides a deeming fiction limited to computation of gains on transfer of block assets (using WDV, additions and sale proceeds) and treats the computed amount as arising from short-term capital assets only for that computation. For set-off and carry forward under Section 74, losses and gains must be matched according to the asset's actual long-term or short-term character determined by period of holding, so Section 50's computational deeming does not change entitlement to set-off linked to holding-period-based provisions. Articles Income Tax Wed, 11 Dec 2013 09:42:05 +0530 https://www.taxtmi.com/article/detailed?id=5385