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<h1>CBDT Designates Certain Equity Shares as Long-Term Specified Securities u/s 54EA of Income-tax Act, 1961.</h1> The Central Board of Direct Taxes, under Section 54EA of the Income-tax Act, 1961, designates certain equity shares as long-term specified securities. Equity shares issued within one year from the notification date by a specified company, up to INR 30 crores, are included. Investments must be made from the net consideration of a long-term capital asset transfer. If these shares are transferred or converted into money within three years, the initial investment will be taxed as capital gains.