Ireda bonds get tax exemption: Centre grants Section 54EC status to...

Ireda bonds get tax exemption: Centre grants Section 54EC status to support green energy; move to ease capital gains burden on investors

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The government has granted tax benefits to bonds issued by the Indian Renewable Energy Development Agency. Investors can now claim capital gains tax exemptions by investing in these bonds. This move aims to boost low-cost fundraising for renewable energy projects. The proceeds will fund projects capable of servicing debt independently.

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