Capital gains exemption investments: approved instruments and compulsory investible capital allocation with compliance requirements. Sections 54EA and 54EB exempt capital gains where proceeds are reinvested in Board notified instruments; HUDCO bonds and mutual fund units (three or seven year repurchase terms as applicable), seven year bank deposits and HUDCO seven year bonds are notified. Public companies and financial institutions issuing qualifying bonds, debentures or primary issue shares must obtain Board approval, invest 60% of investible capital in defined infrastructure/power/telephone/oil and gas, invest at least 25% in such infrastructure within one year and the balance within three years, file annual Accountant certificates, and face withdrawal of approval for non compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains exemption investments: approved instruments and compulsory investible capital allocation with compliance requirements.
Sections 54EA and 54EB exempt capital gains where proceeds are reinvested in Board notified instruments; HUDCO bonds and mutual fund units (three or seven year repurchase terms as applicable), seven year bank deposits and HUDCO seven year bonds are notified. Public companies and financial institutions issuing qualifying bonds, debentures or primary issue shares must obtain Board approval, invest 60% of investible capital in defined infrastructure/power/telephone/oil and gas, invest at least 25% in such infrastructure within one year and the balance within three years, file annual Accountant certificates, and face withdrawal of approval for non compliance.
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