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<h1>CBDT Lists Long-Term Specified Securities Under Section 54EA; Includes Shares, Bonds, and Debentures with Investment Caps</h1> The Central Board of Direct Taxes, under section 54EA of the Income-tax Act, 1961, specifies certain equity and preference shares, bonds, and debentures as long-term specified securities. These include shares and bonds issued by a specified company within one year from the notification date, with equity and preference shares capped at 100 crores and bonds and debentures at 235 crores. Investments must be made from net consideration from transferring long-term capital assets. If these securities are transferred or converted into money within three years of allotment, the initial investment will be taxed as capital gains.