https://www.taxtmi.com/notifications?id=13403 Notification under section 54EA specifies certain shares and debentures of Reliance Patalganga Power Ltd as long-term specified securities to be issued within one year, subject to maximum amounts, and not transferable (or convertible) for three years from allotment. Investment must be made out of net consideration from transfer of a long-term capital asset. If the assessee disposes of or converts the allotted securities into money within three years, the initial investment becomes chargeable to tax under the head "Capital Gains" in accordance with the section. en-us Tue, 30 Nov 1999 00:00:00 +0530 Wed, 17 Sep 2008 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=13403 Notification under section 54EA specifies certain shares and debentures of Reliance Patalganga Power Ltd as long-term specified securities to be issued within one year, subject to maximum amounts, and not transferable (or convertible) for three years from allotment. Investment must be made out of net consideration from transfer of a long-term capital asset. If the assessee disposes of or converts the allotted securities into money within three years, the initial investment becomes chargeable to tax under the head "Capital Gains" in accordance with the section. Notifications Income Tax Tue, 30 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13403