Ltcg period and effective date

Mahesh (CA Job) (24 Points)

04 April 2017  

Dear sir

For LTCG Holding period is reduced from 36 months to 24 months. But in finance bill i read these changes are effective from 1st April 2018 and are effective for the AY 2018-19?. If it is effective from April 2018 the AY has to be 2019-20.

Can anyone clarify this

Thanks and Regards

Mahesh