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

Central Board of Direct Taxes specifies equity shares to be issued within a period of one year from date of publication of this notification in the Official Gazette, of an amount not exceeding one hundred fifty crores only by the Tata Teleservices Limited u/s 54EB https://www.taxtmi.com/notifications?id=13378 Tata Teleservices Limited is authorised to issue specified equity shares within one year from notification publication for reinvestment under Section 54EB; investment must be made out of income chargeable as Capital Gain arising from transfer of a long-term capital asset, and if the shares are transferred within seven years from allotment the initial investment will be chargeable to tax as capital gain under the reversal provisions of Section 54EB. en-us Thu, 07 Oct 1999 00:00:00 +0530 Wed, 17 Sep 2008 10:24:00 +0530 TaxTMI RSS Generator Central Board of Direct Taxes specifies equity shares to be issued within a period of one year from date of publication of this notification in the Official Gazette, of an amount not exceeding one hundred fifty crores only by the Tata Teleservices Limited u/s 54EB https://www.taxtmi.com/notifications?id=13378 Tata Teleservices Limited is authorised to issue specified equity shares within one year from notification publication for reinvestment under Section 54EB; investment must be made out of income chargeable as Capital Gain arising from transfer of a long-term capital asset, and if the shares are transferred within seven years from allotment the initial investment will be chargeable to tax as capital gain under the reversal provisions of Section 54EB. Notifications Income Tax Thu, 07 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13378