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    <title>Central Government notifies redeemable bonds issued by the Housing and Urban Development Corporation Limited (HUDCO), in respect of &quot;Long-Term Specified Assets&quot; under section 54EC.</title>
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    <description>Bonds issued by the Housing and Urban Development Corporation Limited (HUDCO) and redeemable after five years, if issued on or after 1 April 2025, are designated as a long-term specified asset under the income tax reinvestment provision; HUDCO must apply proceeds only to infrastructure projects able to service debt from project revenues without dependence on State Governments, with &quot;infrastructure&quot; defined by the Updated Harmonised Master List of Infrastructure sub-sectors and its amendments.</description>
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