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

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..... In exercise of the powers conferred by sub-section (1) of section 54EA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following shares and equity shares as long-term specified securities, for the purposes of the said section namely :-- ( a ) equity shares to be issued by Adani Infrastructure Services Ltd., a public company registered under th .....

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..... period of three years from the date of their allotment, the initial investment made by such assessee in such shares and debentures shall be chargeable to tax under the head Capital gains in accordance with the provisions of the said section. [Notification No. 11275/F. No. 178/5/2000/ITA-I] - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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