Long-term specified securities: bonds specified for reinvestment of capital gains, subject to lock-in and chargeability on early conversion. Notification specifies bonds of a named infrastructure finance company as long-term specified securities under section 54EA, limited by issuance period and aggregate amount, conditioned on investment of net consideration from transfer of a long-term capital asset; if the assessee transfers or converts the allotted bonds into money within a defined short period from allotment, the initial investment is chargeable to tax under the head Capital Gains pursuant to the section.