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of <h1>New Long-Term Securities Designated Under Section 54EA: Tax Implications for Equity and Debentures Transfers Within Three Years</h1> The Central Board of Direct Taxes has designated certain equity and debentures as long-term specified securities under Section 54EA of the Income-tax Act, 1961. These include equity and debentures issued by a public company, with equity not exceeding INR 1524.3 crores and debentures not exceeding INR 762.2 crores, to be issued within a year from the notification's publication. Investments must be made from the net consideration of long-term capital asset transfers. If these securities are transferred or converted into money within three years of allotment, the initial investment will be taxed as capital gains.
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