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of <h1>Central Government notifies IREDA redeemable bonds as long-term specified assets under section 54EC of Income-tax Act</h1> The Central Government notifies redeemable bonds issued by the Indian Renewable Energy Development Agency as 'long-term specified assets' under section 54EC of the Income-tax Act, 1961. These bonds must be redeemable after five years and issued on or after the notification date. The agency must utilize bond proceeds exclusively for renewable projects capable of servicing debt through project revenues without depending on State Government support for debt servicing obligations.
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