TaxTMI Login
Just a moment...
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>CBDT Designates ASC Enterprises Shares as Long-Term Specified Securities Under Section 54EA of Income-tax Act, 1961</h1> The Central Board of Direct Taxes has designated certain equity shares issued by M/s ASC Enterprises Limited as long-term specified securities under Section 54EA of the Income-tax Act, 1961. These shares are to be issued within one to two years from the notification date, with a total issuance amount not exceeding INR 400 crores and INR 406 crores, respectively. Investments must be made from the net consideration of a long-term capital asset transfer. If these shares are transferred or converted within seven years of allotment, the initial investment will be taxed as 'Capital Gains' per the Act's provisions.
TaxTMI 