Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Certain Equity Shares Designated as Long-Term Specified Securities Under Section 54EA of the Income-tax Act, 1961</h1> The Central Board of Direct Taxes has designated certain equity shares as long-term specified securities under Section 54EA of the Income-tax Act, 1961. These shares, issued by a public limited company, are to be offered within a year from the notification's publication, with a cap of 110 crores INR. Investments must be made from the net consideration of a long-term capital asset transfer. If the shares are transferred or converted to money within three years, the initial investment will be taxable as capital gains.