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TMI BlogShort-term Capital AssetX X X X Extracts X X X X X X X X Extracts X X X X ..... share listed in a recognised stock exchange) or a unit of a Mutual Fund specified under clause (23D) of section 10, which is transferred during the period beginning on the 1st day of April, 2014 and ending on the 10th day of July, 2014, the provisions of this clause shall have effect as it for the words thirty-six months , the words twelve months had been substituted as it stood immediately prior to the commencement of the Finance (No.2) Act, 2024. Explanation 1.- (i) In determining the period for which any capital asset is held by the assessee - (a) in the case of a share held in a company in liquidation, there shall be excluded the period subsequent to the date on which the company goes into liquidation ; (b) in the case of a capital asse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent and on the basis of holding of any other financial asset, the period shall be reckoned from the date of the allotment of such financial asset ; (g) in the case of a capital asset, being a share or shares in an Indian company, which becomes the property of the assessee in consideration of a demerger, there shall be included the period for which the share or shares held in the demerged company were held by the assessee ; (h) in the case of a capital asset, being trading or clearing rights of a recognised stock exchange in India acquired by a person pursuant to demutualisation or corporatisation of the recognised stock exchange in India as referred to in clause (xiii) of section 47, there shall be included the period for which the person w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are or shares of a company, which is acquired by the non-resident assessee on redemption of Global Depository Receipts referred to in clause (b) of sub-section (1) of section 115AC held by such assessee, the period shall be reckoned from the date on which a request for such redemption was made; (hf) in the case of a capital asset, being equity shares in a company, which becomes the property of the assessee in consideration of a transfer referred to in clause (xb) of section 47, there shall be included the period for which the preference shares were held by the assessee; (hg) in the case of a capital asset, being a unit or units, which becomes the property of the assessee in consideration of a transfer referred to in clause (xix) of section ..... X X X X Extracts X X X X X X X X Extracts X X X X
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