Income-tax (6th Amendment) Rules, 2016 - Method of determination of period of holding of capital assets, being a share or debenture of a company, which becomes the property of the assessee in the circumstances mentioned in clause (x) of section 47. https://www.taxtmi.com/notifications?id=118907 The rule prescribes that where a capital asset in the form of a share or debenture becomes the assessee's property by reason of the specified transfer, the period of holding of that capital asset shall include the period for which the bond, debenture, debenture stock or deposit certificate was held by the assessee prior to conversion. en-us Thu, 17 Mar 2016 00:00:00 +0530 Sat, 25 May 2019 12:25:00 +0530 TaxTMI RSS Generator Income-tax (6th Amendment) Rules, 2016 - Method of determination of period of holding of capital assets, being a share or debenture of a company, which becomes the property of the assessee in the circumstances mentioned in clause (x) of section 47. https://www.taxtmi.com/notifications?id=118907 The rule prescribes that where a capital asset in the form of a share or debenture becomes the assessee's property by reason of the specified transfer, the period of holding of that capital asset shall include the period for which the bond, debenture, debenture stock or deposit certificate was held by the assessee prior to conversion. Notifications Income Tax Thu, 17 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118907