Finance Bill 2020 - Amendment of meaning of short-term capital asset and cost of acquisition in case of segregation of portfolio and allotment of new units etc. https://www.taxtmi.com/article/detailed?id=8936 Amendment provides that the holding period of original units in the main portfolio is to be included in the holding period of units in a segregated portfolio for classifying short term capital assets. It further stipulates that the cost of acquisition of units in the segregated portfolio is allocated in proportion to the net asset value transferred relative to the total portfolio immediately before segregation, and that the original units' cost is reduced accordingly; portfolio terms follow the referenced SEBI circular. en-us Mon, 03 Feb 2020 11:28:23 +0530 Mon, 03 Feb 2020 11:28:23 +0530 TaxTMI RSS Generator Finance Bill 2020 - Amendment of meaning of short-term capital asset and cost of acquisition in case of segregation of portfolio and allotment of new units etc. https://www.taxtmi.com/article/detailed?id=8936 Amendment provides that the holding period of original units in the main portfolio is to be included in the holding period of units in a segregated portfolio for classifying short term capital assets. It further stipulates that the cost of acquisition of units in the segregated portfolio is allocated in proportion to the net asset value transferred relative to the total portfolio immediately before segregation, and that the original units' cost is reduced accordingly; portfolio terms follow the referenced SEBI circular. Articles Budget - Tax Proposals Mon, 03 Feb 2020 11:28:23 +0530 https://www.taxtmi.com/article/detailed?id=8936