Metro India News | Hyderabad 

Housing and Urban Development Corporation Limited (HUDCO) organized an Associates Meet in Hyderabad to discuss 54EC Capital Gain Tax Exemption Bonds on Friday. Following the CBDT’s April 7 notification, HUDCO is now authorized to issue these bonds, joining select PSUs offering this tax-saving option.

HUDCO’s Director (Finance), Executive Director (Finance) and Regional Head explained that capital gains from long-term asset sales-like land or buildings are exempt from tax of up to Rs.50 lakh is invested in these bonds within six months. The bonds mature in five years. The event was attended by senior officials, chartered accountants, financial advisors and other stakeholders.