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    <title>Central Board of Direct Taxes specifies the various equity and preference shares and bonds and debentures long-term specified securities u/s 54EB</title>
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    <description>The notification specifies issuer-specific equity, preference shares, bonds and debentures as eligible long-term securities for investment of net consideration from a long-term capital asset transfer under section 54EB, subject to time-bound allotment limits, and provides that if such securities are transferred or converted into money within seven years of allotment the initial investment shall be chargeable to tax as a capital gain.</description>
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      <description>The notification specifies issuer-specific equity, preference shares, bonds and debentures as eligible long-term securities for investment of net consideration from a long-term capital asset transfer under section 54EB, subject to time-bound allotment limits, and provides that if such securities are transferred or converted into money within seven years of allotment the initial investment shall be chargeable to tax as a capital gain.</description>
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