https://www.taxtmi.com/notifications?id=13810 The Central Board of Direct Taxes designates specified equity shares as long-term specified securities, permitting issuance by a named public company within a specified allotment period subject to a capped issuance amount and a non-transferability condition for a defined holding period. Investment must be made from net consideration of a long-term capital asset transfer; if the assessee disposes of or converts the allotted shares into money within the holding period, the initial investment is chargeable to tax as capital gains under the relevant statutory provisions. en-us Wed, 22 Mar 2000 00:00:00 +0530 Tue, 27 Aug 2019 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=13810 The Central Board of Direct Taxes designates specified equity shares as long-term specified securities, permitting issuance by a named public company within a specified allotment period subject to a capped issuance amount and a non-transferability condition for a defined holding period. Investment must be made from net consideration of a long-term capital asset transfer; if the assessee disposes of or converts the allotted shares into money within the holding period, the initial investment is chargeable to tax as capital gains under the relevant statutory provisions. Notifications Income Tax Wed, 22 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13810