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of <h1>New Clause 85 and Section 54EC: Tax Breaks for Capital Gains Reinvestment in Bonds with Specific Caps and Conditions</h1> Clause 85 of the Income Tax Bill, 2025, and Section 54EC of the Income-tax Act, 1961, both offer tax exemptions on capital gains when reinvested in specified bonds. Clause 85 introduces conditions for non-chargeability of capital gains, including a six-month reinvestment period and a cap of fifty lakh rupees per tax year. It also includes provisions for the transfer or conversion of new assets and restrictions on loans against these assets. Section 54EC similarly incentivizes reinvestment in long-term bonds with a fifty lakh rupee cap and a three-year retention requirement. Both aim to stimulate economic growth through strategic reinvestments.
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