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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>CBDT Designates Certain Equity Shares as Long-term Specified Securities Under Section 54EA; Tax Implications on Early Transfer.</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. This notification applies to equity shares issued within one year from the notification date, with a cap of 43.20 crore rupees, by a public limited company based in Hyderabad. Investments must be made from the net consideration of a long-term capital asset transfer. If these shares are transferred or converted into money within three years of allotment, the initial investment will be taxed as capital gains.
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