Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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 Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Reliance Telecom Ltd. Authorized to Issue Equity and Debentures Under Section 54EA, Capital Gains Tax Applies if Transferred Early.</h1> The Central Board of Direct Taxes has issued a notification under section 54EA of the Income-tax Act, 1961, specifying that Reliance Telecom Ltd. is authorized to issue equity and debentures within one year from the notification date. The equity issuance is capped at Rs. 1,524.3 crores and debentures at Rs. 762.2 crores. These investments must be made from capital gains arising from long-term capital assets. If the equity or debentures are transferred within three years of allotment, the initial investment will be subject to capital gains tax as per section 54EA(2) of the Income-tax Act.
TaxTMI 
TaxTMI 
