Central Board of Direct Taxes specifies the various equity and preference shares and bond and debentures long-term specified securities u/s 54EA

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..... ION NO. S.O. 313(E) DATED 30-3-2000 In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby specifies the following equity and preference shares and bond and debentures long-term specified securities for the purposes of the said section, namely:-- ( i ) equity and preference shares to be issued with .....

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..... ithin a period of three years from the date of their allotment, the initial investment made by such assessee in such equity shares shall be chargeable to tax under the head "Capital gains" in accordance with the provisions of the said section. [Notification No. 11312/F.No. 178/12/99-ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - T .....

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