Reinvestment of long-term capital gains: specified securities permitted under section 54EA, subject to a three-year retention rule. Specification of certain equity and preference shares and bonds and debentures as specified securities under section 54EA for reinvestment of net consideration from transfer of long-term capital assets, subject to a one-year issuance window and the requirement that investments be made from net consideration; if the allotted securities are transferred or converted into money within three years of allotment, the initial investment becomes chargeable to tax under the head Capital Gains in accordance with the section.