Central Board of Direct Taxes specifies Noida Toll Bridge Company Limited u/s 54EA

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... reinafter referred to as the said section) of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies--- ( a ) the Fully Convertible Debentures (FCDS) for an aggregate amount not exceeding twenty-five crores rupees only ; ( b ) the Deep Discount Bonds (DDBS) for an aggregate amount of forty crores rupees only, to be issued within a period of one year from .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of three years from the date of their allotment, the initial investment made by such assessee in such fully convertible debentures or bonds shall be chargeable to tax under the head "Capital gain" in accordance with the provisions of the said section. [Notification No. 10990/F. No. 178/87/98-ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X