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Amendment of section 2.

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..... 42A), in Explanation 1, in clause (i), after sub-clause (hg), the following sub-clause shall be inserted, namely:- (hh) in the case of a capital asset, being a unit or units in a segregated portfolio referred to in sub-section (2AG) of section 49, there shall be included the period for which the original unit or units in the main portfolio were held by the assessee; . Clause 3 of this Bill seeks t .....

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..... urities Exchange Board of India. This amendment will take effect from 1st April, 2021 and will, accordingly, apply in relation to the assessment year 2021-2022 and subsequent assessment years. Clause(42A) of the said section defines the expression short term capital asset to be capital asset held by an assessee for not more than thirty-six months immediately preceding the date of its transfer. Fur .....

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