https://www.taxtmi.com/notifications?id=12979 Exemption from capital gains is permitted for reinvestment of long-term capital gains in preference shares specified under Section 54EA, where those shares are issued by the named company within one year of the notification and subject to the prescribed monetary limit. The exemption requires the investment to be made out of income chargeable as capital gains, and if the assessee transfers the allotted shares within three years of allotment the initial investment is recaptured and becomes chargeable to tax as capital gains in accordance with the statutory recapture provision. en-us Tue, 01 Sep 1998 00:00:00 +0530 Mon, 15 Sep 2008 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=12979 Exemption from capital gains is permitted for reinvestment of long-term capital gains in preference shares specified under Section 54EA, where those shares are issued by the named company within one year of the notification and subject to the prescribed monetary limit. The exemption requires the investment to be made out of income chargeable as capital gains, and if the assessee transfers the allotted shares within three years of allotment the initial investment is recaptured and becomes chargeable to tax as capital gains in accordance with the statutory recapture provision. Notifications Income Tax Tue, 01 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=12979