https://www.taxtmi.com/notifications?id=13407 The Central Board of Direct Taxes designates specified equity and bonds issued by a named public company as long term capital asset under section 54EA, limited to investments made out of net consideration from transfer of a long-term capital asset. If the assessee transfers, converts, or otherwise realizes the specified instruments within three years of allotment, the initial investment becomes chargeable to tax as Capital Gains pursuant to sub-section (2) of section 54EA. en-us Tue, 07 Dec 1999 00:00:00 +0530 Wed, 17 Sep 2008 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=13407 The Central Board of Direct Taxes designates specified equity and bonds issued by a named public company as long term capital asset under section 54EA, limited to investments made out of net consideration from transfer of a long-term capital asset. If the assessee transfers, converts, or otherwise realizes the specified instruments within three years of allotment, the initial investment becomes chargeable to tax as Capital Gains pursuant to sub-section (2) of section 54EA. Notifications Income Tax Tue, 07 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13407