https://www.taxtmi.com/notifications?id=12882 Notification specifies that Infrastructure Development Finance Company Limited will issue specified shares within one year in an aggregate amount set out in the notification; investment in those shares qualifies only when made out of long-term capital gains. If the assessee transfers the allotted shares within seven years of allotment, the initial investment becomes chargeable to tax under the head Capital gains in accordance with the statutory provision. en-us Wed, 01 Apr 1998 00:00:00 +0530 Mon, 15 Sep 2008 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=12882 Notification specifies that Infrastructure Development Finance Company Limited will issue specified shares within one year in an aggregate amount set out in the notification; investment in those shares qualifies only when made out of long-term capital gains. If the assessee transfers the allotted shares within seven years of allotment, the initial investment becomes chargeable to tax under the head Capital gains in accordance with the statutory provision. Notifications Income Tax Wed, 01 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=12882