https://www.taxtmi.com/notifications?id=13806 The notification designates certain long-term debentures as qualifying securities for exemption under section 54EB where the investment is made from net consideration of a long-term capital asset. The debentures must be issued by the named public company within seven years, be non-transferable for seven years, and subject to an aggregate issuance cap. If the assessee transfers or converts the allotted debentures into money or otherwise disposes of them within seven years of allotment, the initial investment is chargeable to tax as capital gains under the section. en-us Wed, 22 Mar 2000 00:00:00 +0530 Fri, 19 Sep 2008 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=13806 The notification designates certain long-term debentures as qualifying securities for exemption under section 54EB where the investment is made from net consideration of a long-term capital asset. The debentures must be issued by the named public company within seven years, be non-transferable for seven years, and subject to an aggregate issuance cap. If the assessee transfers or converts the allotted debentures into money or otherwise disposes of them within seven years of allotment, the initial investment is chargeable to tax as capital gains under the section. Notifications Income Tax Wed, 22 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13806