Section 54EA investments permitted for reinvestment, with chargeback as capital gain if converted to money within the holding period. The Central Board of Direct Taxes authorizes Noida Toll Bridge Company Limited to issue specified Fully Convertible Debentures and Deep Discount Bonds within one year for reinvestment under section 54EA; investments must be made from net consideration of a long-term capital asset. If allotted debentures or bonds are converted or transferred into money within three years of allotment, the initial investment will be chargeable to tax as capital gain in accordance with the section.