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<h1>CBDT Extends Investment Deadline for Section 54EC Due to Bond Unavailability, Easing Taxpayer Hardships.</h1> The Central Board of Direct Taxes has extended the time limit for making investments under Section 54EC of the Income-tax Act, 1961, due to the unavailability of capital gain bonds. The extension applies to taxpayers who transferred long-term capital assets between September 29, 2005, and December 31, 2005, allowing them until September 30, 2006, to invest. For those who transferred assets between January 1, 2006, and June 30, 2006, the deadline is extended to December 31, 2006. This extension aims to alleviate hardships faced by taxpayers due to the non-availability of bonds issued by NHAI and REC.