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    <title>Central Board of Direct Taxes specifies the various equity shares as long-term specified securities u/s 54EA</title>
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    <description>The notification specifies equity shares issued by Information Technology Park Ltd. as long-term specified securities under section 54EA provided subscription is made from net consideration of a long term capital asset transfer. If the assessee transfers or converts the allotted equity into money within three years of allotment, the initial investment shall be chargeable to capital gains in accordance with the section.</description>
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      <description>The notification specifies equity shares issued by Information Technology Park Ltd. as long-term specified securities under section 54EA provided subscription is made from net consideration of a long term capital asset transfer. If the assessee transfers or converts the allotted equity into money within three years of allotment, the initial investment shall be chargeable to capital gains in accordance with the section.</description>
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