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    <title>Central Board of Direct Taxes specifies Noida Toll Bridge Company Limited, u/s 54EA</title>
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    <description>The Central Board of Direct Taxes authorizes Noida Toll Bridge Company Limited to issue specified Fully Convertible Debentures and Deep Discount Bonds within one year for reinvestment under section 54EA; investments must be made from net consideration of a long-term capital asset. If allotted debentures or bonds are converted or transferred into money within three years of allotment, the initial investment will be chargeable to tax as capital gain in accordance with the section.</description>
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      <description>The Central Board of Direct Taxes authorizes Noida Toll Bridge Company Limited to issue specified Fully Convertible Debentures and Deep Discount Bonds within one year for reinvestment under section 54EA; investments must be made from net consideration of a long-term capital asset. If allotted debentures or bonds are converted or transferred into money within three years of allotment, the initial investment will be chargeable to tax as capital gain in accordance with the section.</description>
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      <pubDate>Tue, 06 Jul 1999 00:00:00 +0530</pubDate>
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