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of <h1>Tax Relief for Long-Term Capital Asset Transfers: Invest in Specified Securities Within 6 Months to Qualify Under Section 54EA</h1> Section 54EA provides tax relief for long-term capital asset transfers before April 1, 2000. If an assessee invests the net consideration from the asset sale into specified securities within six months, the capital gains tax can be partially or fully exempted. If the specified securities are transferred or converted within three years, the previously exempted capital gains will be taxed. The provision defines 'cost' as the amount invested from the net sale consideration and 'net consideration' as the sale proceeds minus transfer-related expenses.
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