Central Board of Direct Taxes specfies the various equity and preferences shares and bonds and debentures long-term specified securities u/s 54EB

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..... ATION NO. S.O. 314(E) DATED 30-3-2000 In exercise of the powers conferred by sub-section (1) of section 54EB of the Income-tax Act, 1961, the Central Board of Direct Taxes hereby specfies the following equity and preferences shars and bonds and debentures long-term specified securities for the said section, namely:--- ( i ) equity and preference shares to be issued within a period o .....

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..... s and bonds and debentures specified in this notification is made by an assessee out of net consideration arising from transfer of long-term capital asset in accordance with the provisions of the said section: Provided further that in case the assessee transfers or converts (otherwise than by transfer) into money the aforesaid equity and preference shares and bonds and debentures specified in t .....

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