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of <h1>New Tax Benefits for Long-Term Securities Under Section 54EB: Key Limits and Conditions Explained</h1> The Central Board of Direct Taxes, under section 54EB of the Income-tax Act, 1961, specifies certain long-term securities eligible for tax benefits. These include equity and preference shares, and bonds and debentures issued by a specified public company, with limits of Rs. 40 crores and Rs. 100 crores, respectively, to be issued within one year from the notification date. Investments must be made from the net consideration of a long-term capital asset transfer. If these securities are transferred or converted into money within seven years, the initial investment will be taxed as capital gains.
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