Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Income-tax Act Amendment Expands Investment Options in Section 54EA, Including Shares of Public Companies.</h1> The Income-tax (Amendment) Act, 1997, modifies section 54EA of the Income-tax Act, 1961, effective from October 1, 1996. In sub-section (1), the amendment replaces the phrase 'bonds, debentures or units of mutual fund referred to in clause (23D) of section 10' with 'bonds, debentures, shares of a public company or units of any mutual fund referred to in clause (23D) of section 10.' Additionally, the term 'specified bonds or debentures' is replaced with 'specified securities' throughout the section.