Centre Grants Section 54EC Tax Benefit Status to IREDA Bonds
Delhi, 10 July (H.S.): The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has classified bonds issued by the Indian Renewable Energy Development Agency Ltd. (IREDA) as a ‘long-term specified asset’ under section 54EC of the Income-tax Act, 1961, effective July 9, 2025. Bonds issued by IREDA on or after this date…