Amendment of section 2.

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....k exchange in India)", the words "or an immovable property, being land or building or both," shall be inserted with effect from the 1st day of April, 2018; (b) in Explanation 1, in clause (i),- (A) after sub-clause (he), the following sub-clause shall be inserted with effect from the 1st day of April, 2018, namely:- "(hf) in the case of a capital asset, being equity shares in a company, whic....

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....es the expression "short-term capital asset" to be a capital asset held by an assessee for not more than thirty-six months immediately preceding the date of its transfer. Further Explanation 1 of the said clause provides for determining the period for which the capital asset is held by the assessee. It is proposed to amend the third proviso to the said clause so as to provide that in th....