Guidelines for companies and mutual funds in respect of approved investments, for purposes of section 54EA and section 54EB of the Income-tax Act

Guidelines for companies and mutual funds in respect of approved investments, for purposes of section 54EA and section 54EB of the Income-tax Act https://www.taxtmi.com/circulars?id=5132 Shares issued in a primary public issue are treated as approved investments for capital gains exemption under sections 54EA and 54EB; the procedural and utilisation guidelines applicable to bonds and debentures apply equally to such shares, including the application procedure to the Board and the prescribed manner of using the investible capital, and "public company" is to be read as per the Companies Act definition. en-us Mon, 13 Jan 1997 00:00:00 +0530 Sat, 09 Aug 2008 16:22:00 +0530 TaxTMI RSS Generator Guidelines for companies and mutual funds in respect of approved investments, for purposes of section 54EA and section 54EB of the Income-tax Act https://www.taxtmi.com/circulars?id=5132 Shares issued in a primary public issue are treated as approved investments for capital gains exemption under sections 54EA and 54EB; the procedural and utilisation guidelines applicable to bonds and debentures apply equally to such shares, including the application procedure to the Board and the prescribed manner of using the investible capital, and "public company" is to be read as per the Companies Act definition. Circulars Income Tax Mon, 13 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5132