Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Bill and Act keep two-tier short-term capital asset holding periods of 24 months and 12 months, with detailed rules</h1> Both the Bill and the passed Act define 'short-term capital asset' using a two-tier holding period: generally 24 months, shortened to 12 months for listed securities, UTI units, equity-oriented fund units and zero-coupon bonds. Both texts include detailed rules to compute holding periods-covering liquidations, corporate reorganisations, conversions, allotments, GDRs and carry-over of predecessor holdings-and defer certain technical determinations 'as may be prescribed.' The substantive content and thresholds are effectively unchanged between versions; differences are drafting and ordering only. Practical effects include continuity of existing practice, emphasis on documentary evidence for corporate events, and the need to monitor subordinate rules for implementation details.
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