https://www.taxtmi.com/notifications?id=13402 The Central Board of Direct Taxes specifies certain equity and debentures as long-term specified securities under Section 54EA, authorising their issue within a one-year window and identifying them as qualifying instruments for reinvestment of net consideration from transfer of a long-term capital asset. If an assessee transfers or converts the allotted specified securities into money within three years of allotment, the initial investment shall be chargeable to tax under the head Capital Gains as per the section. en-us Tue, 30 Nov 1999 00:00:00 +0530 Wed, 17 Sep 2008 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=13402 The Central Board of Direct Taxes specifies certain equity and debentures as long-term specified securities under Section 54EA, authorising their issue within a one-year window and identifying them as qualifying instruments for reinvestment of net consideration from transfer of a long-term capital asset. If an assessee transfers or converts the allotted specified securities into money within three years of allotment, the initial investment shall be chargeable to tax under the head Capital Gains as per the section. Notifications Income Tax Tue, 30 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13402