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<h1>Finance Bill 2017 amends Section 54EC to expand capital gains tax exemption to more government-notified bonds.</h1> The Finance Bill, 2017 proposes an amendment to Section 54EC of the Income-tax Act, which addresses the exemption from capital gains tax on investments in certain bonds. The amendment seeks to expand the definition of 'long-term specified asset' to include any bond notified by the Central Government, in addition to bonds issued by the National Highways Authority of India and the Rural Electrification Corporation Limited. This change will be effective from April 1, 2018, and will apply to the assessment year 2018-2019 and subsequent years.