TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Enacted Act broadens 'capital asset' securities to include IFSC-regulated investment funds and treats unit-linked policies as capital assets</h1> Both versions retain an inclusive definition of 'capital asset' with standard exclusions (stock-in-trade, specified personal effects, certain agricultural land), but the enacted Act expands and clarifies the securities limb to expressly include investment funds regulated by the IFSC authority and refines cross-references; it also removes the Bill's issuance-date qualifier for unit-linked insurance policies, broadening their treatment as capital assets. Most other changes are drafting, punctuation and reference updates that reduce ambiguity (notably on distance/population tests for agricultural land and items excluded as personal effects); practical impacts chiefly affect IFSC funds, insurers and historical policy disposals.
TaxTMI 
TaxTMI 