https://www.taxtmi.com/notifications?id=13828 Bonds by Infrastructure Leasing & Financial Services Ltd. are specified as long-term specified securities for capital gains reinvestment purposes; issuance is permitted within one year up to a prescribed aggregate amount. Investment must be made out of net consideration from transfer of a long term capital asset, and if the assessee disposes of or converts the bonds into money within seven years of allotment the initial investment is chargeable to tax as capital gains. en-us Tue, 28 Mar 2000 00:00:00 +0530 Sat, 20 Sep 2008 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=13828 Bonds by Infrastructure Leasing & Financial Services Ltd. are specified as long-term specified securities for capital gains reinvestment purposes; issuance is permitted within one year up to a prescribed aggregate amount. Investment must be made out of net consideration from transfer of a long term capital asset, and if the assessee disposes of or converts the bonds into money within seven years of allotment the initial investment is chargeable to tax as capital gains. Notifications Income Tax Tue, 28 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/notifications?id=13828