Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
CBDT Notifies HUDCO Bonds as Long-Term Specified Asset u/s 54EC for FY 2025-26
Update / Judgement Date
09 Apr 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Income Tax
The CBDT has notified HUDCO (Housing and Urban Development Corporation Ltd.) bonds as a long-term specified asset under Section 54EC of the Income Tax Act for FY 2025-26. This notification allows taxpayers to invest capital gains from the transfer of long-term capital assets in these HUDCO bonds and claim exemption from capital gains tax, subject to the conditions specified under Section 54EC. This provides an investment avenue for tax saving and promotes investment in housing and urban development infrastructure.
