Quick Summary
The Ministry of Finance has notified bonds issued by the Indian Renewable Energy Development Agency (IREDA) as 'long-term specified assets' under Section 54EC of the Income-tax Act, 1961. This development allows taxpayers to claim capital gains exemption by investing in these bonds, effective from July 9, 2025. The notification, issued via S.O. 3060(E) by the Central Board of Direct Taxes (CBDT), applies to IREDA bonds that are redeemable after five years and issued on or after the date of the
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FAQ :
The notification allows taxpayers to claim capital gains exemption under Section 54EC of the Income-tax Act by investing in eligible IREDA bonds.
This provision is effective from July 9, 2025.
Only IREDA bonds issued on or after July 9, 2025, and redeemable after five years are eligible.
The move aims to promote India's climate goals and accelerate private investment in clean energy infrastructure by making IREDA bonds an attractive investment option.
Taxpayers can avoid paying capital gains tax on profits from selling immovable property by investing in these notified IREDA bonds within six months of the sale, subject to a Rs 50 lakh limit.
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