Reinvestment of long-term capital gains into specified equity shares triggers a three-year lock-in; early transfer makes gains taxable. Notification under Section 54EA specifies that equity shares to be issued by Tata Tele Services Limited are eligible for reinvestment of long-term capital gains where the investment is made from income chargeable as capital gain, must be issued within one year of publication, and that transfer of allotted shares within three years will render the initial investment chargeable to tax as capital gain under sub-section (2) of Section 54EA.
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.
Reinvestment of long-term capital gains into specified equity shares triggers a three-year lock-in; early transfer makes gains taxable.
Notification under Section 54EA specifies that equity shares to be issued by Tata Tele Services Limited are eligible for reinvestment of long-term capital gains where the investment is made from income chargeable as capital gain, must be issued within one year of publication, and that transfer of allotted shares within three years will render the initial investment chargeable to tax as capital gain under sub-section (2) of Section 54EA.
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