POSTED BY July 14, 2014 6:12 pm ONE COMMENTON
With reference to the recent change announced in the Budget, Holding period for long term capital gains has been made 3 years. So will this be from immediate effect? Is it applicable only for new investments or all debt investments done in past too?
I had invested in some Short term Debt funds last year.
I was planning to redeem after 1 or 2 years to avail indexation. Could you please clarify if I need to wait 3+ years to avail indexation benefit.