Period of Holding Property w.e.f 01.04.2017
Period of Holding Property Summary :- As per Amended section 2 (42A) of Income Tax Act, by Clause 3 of Finance bill 2017 , w.e.f 01.04.2017 (AY 2018-19) if immovable property, being land or building or both, is held for 24 months than it will be treated as long term capital asset. [Clause 3 of Finance Bill… Read More »