https://www.taxtmi.com/notifications?id=12883 Specification under Section 54EA designates shares to be issued by M/s. Infrastructure Development Finance Company Limited as eligible for reinvestment of long term capital gains. The notification authorises issuance within one year up to the stated ceiling, conditions eligibility on investment of proceeds arising under the head "Capital gains" from transfer of long term capital assets, and provides that if the allotted shares are transferred within a three year retention period the initial investment shall be chargeable to tax as capital gains under sub section (2). en-us Wed, 01 Apr 1998 00:00:00 +0530 Mon, 15 Sep 2008 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=12883 Specification under Section 54EA designates shares to be issued by M/s. Infrastructure Development Finance Company Limited as eligible for reinvestment of long term capital gains. The notification authorises issuance within one year up to the stated ceiling, conditions eligibility on investment of proceeds arising under the head "Capital gains" from transfer of long term capital assets, and provides that if the allotted shares are transferred within a three year retention period the initial investment shall be chargeable to tax as capital gains under sub section (2). Notifications Income Tax Wed, 01 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=12883