https://www.taxtmi.com/acts?id=3621 Section 54EA exempts long-term capital gains where the assessee reinvests whole or part of the net consideration in specified securities within six months; full or proportionate exemption depends on whether the cost of such securities equals or is less than the net consideration. If the specified securities are transferred or otherwise converted into money within three years, the previously exempted amount is chargeable as long-term capital gain in the year of conversion, and taking a loan on those securities is treated as conversion. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 11:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3621 Section 54EA exempts long-term capital gains where the assessee reinvests whole or part of the net consideration in specified securities within six months; full or proportionate exemption depends on whether the cost of such securities equals or is less than the net consideration. If the specified securities are transferred or otherwise converted into money within three years, the previously exempted amount is chargeable as long-term capital gain in the year of conversion, and taking a loan on those securities is treated as conversion. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3621