Central Board of Direct Taxes specifies equity shares to be issued within a period of one year from the date of publication of this notification in the Official Gazette, of an amount not exceeding three hundred crores only by the Tata Teleservices Limited u/s 54EA

Central Board of Direct Taxes specifies equity shares to be issued within a period of one year from the date of publication of this notification in the Official Gazette, of an amount not exceeding three hundred crores only by the Tata Teleservices Limited u/s 54EA https://www.taxtmi.com/notifications?id=13377 The Board specifies equity shares to be issued by Tata Teleservices Limited within one year, capped at three hundred crores, for purposes of enabling reinvestment of long term capital gains. Investment in these shares must be made out of income chargeable as Capital Gain arising on transfer of a long term capital asset. If the allotted shares are transferred within three years of allotment, the initial investment shall be chargeable to tax as Capital Gain in accordance with the provision governing reinvestment. en-us Thu, 07 Oct 1999 00:00:00 +0530 Wed, 17 Sep 2008 10:23:00 +0530 TaxTMI RSS Generator Central Board of Direct Taxes specifies equity shares to be issued within a period of one year from the date of publication of this notification in the Official Gazette, of an amount not exceeding three hundred crores only by the Tata Teleservices Limited u/s 54EA https://www.taxtmi.com/notifications?id=13377 The Board specifies equity shares to be issued by Tata Teleservices Limited within one year, capped at three hundred crores, for purposes of enabling reinvestment of long term capital gains. Investment in these shares must be made out of income chargeable as Capital Gain arising on transfer of a long term capital asset. If the allotted shares are transferred within three years of allotment, the initial investment shall be chargeable to tax as Capital Gain in accordance with the provision governing reinvestment. Notifications Income Tax Thu, 07 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13377