TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Guidelines: Public Company Shares Qualify for Capital Gains Tax Exemption under Income-tax Act Sections 54EA & 54EB.</h1> The circular provides guidelines for companies and mutual funds concerning approved investments under sections 54EA and 54EB of the Income-tax Act. Following the Income-tax (Second Amendment) Ordinance, 1996, shares issued by public companies are now included as qualifying investment instruments for capital gains tax exemption under these sections. The existing guidelines for bonds and debentures, as detailed in Circular No. 748, will also apply to public company shares regarding application procedures and capital utilization. 'Public company' is defined as per section 3 of the Companies Act, 1956.
TaxTMI 
TaxTMI 
