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<h1>CBDT Specifies Telecom Securities u/s 54EA; Debentures and Bonds Convertible After Three Years.</h1> The Central Board of Direct Taxes, under the Ministry of Finance, issued a notification on January 5, 1998, specifying certain securities under Section 54EA of the Income-tax Act, 1961. The specified securities include debentures and bonds to be issued by a telecommunications company within one year from the notification date. The debentures are not to exceed Rs. 102 crores and are transferable or convertible after three years. Similarly, bonds are not to exceed Rs. 120 crores and are also transferable or convertible after three years. This notification was later superseded by another notification dated November 13, 1998.