**Policy Summary:**
This notification, S.O. 3060(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes on July 9, 2025, designates bonds issued by the Indian Renewable Energy Development Agency (IREDA) as long-term specified assets under Section 54EC of the Income-tax Act, 1961. These bonds, redeemable after five years and issued on or after the date of this notification, qualify for the aforementioned tax benefit. A key stipulation is that IREDA must utilize the proceeds from these bonds exclusively for renewable energy projects capable of servicing their debt obligations independently, without reliance on State Government funding. The notification number is 732025/F. No. 225/192/2023 and was issued by Dr. Castro Jayaprakash T., Under Secretary.
Key Entities Referenced
Ministry of Finance: A department of the Government of India responsible for financial matters.
Central Board of Direct Taxes: A board under the Department of Revenue in the Ministry of Finance, Government of India.
New Delhi: The capital of India, where the notification was issued.
Income-tax Act, 1961: An act of the Parliament of India that governs income tax.
Indian Renewable Energy Development Agency (IREDA): A Public Limited Government Company established as a Non-Banking Financial Institution.
Section 54EC: Section of the Income-tax Act, 1961 related to capital gains tax exemption if invested in certain bonds.
Dr. CASTRO JAYAPRAKASH T.: Under Secretary who signed the notification.
Mayapuri, New Delhi 110064: Location of the Government of India Press, Ring Road
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-09072025-264491
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CG-DLxx-ExG-I0D9E0x7x2x0 25-264491
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 2993] नई दिल्ली, बुधिार, िुलाई 9, 2025/आषाढ़ 18, 1947
No. 2993] NEW DELHI, WEDNESDAY, JULY 9, 2025/ASHADHA 18, 1947
जित्त मत्रं ालय
(रािस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
अजधसचू ना
नई दिल्ली, 9 िुलाई, 2025
का.आ. 3060(अ).— आयकर अधिधियम, 1961 (1961 का 43) की िारा 54 ङग के स्पष्टीकरण के खडं ( खक )
द्वारा प्रदत्त शधियों का प्रयोग करते हुए, केंद्रीय सरकार अधिसूधित करती ह ै कक उि िारा के प्रयोजिों के धिए भारतीय
अक्षय उिा डधिकास एिेंसी (आईआरईडीए) (एक गैर बैककंग जित्तीय संस्ट्थान के रूप स ेस्ट्थाजपत एक सािडिजनक जल. सरकारी
कम्पनी) द्वारा पांच साल के बाि मोचन योग्य और इस अजधसचू ना के िारी होने की तारीख से या उसके बाि िारी दकए गए
बंधपत्र, 'दीर्घकाधिक जिधिर्दघष्ट आजस्ट्त' के रूप म ें होंगे।
2. आईआरईडीए ऐस े बंधपत्र स े प्राप्त राधश का उपयोग केिि उि बुधियादी अक्षय पररयोिनाओं के धिए करेगा जो ऋण
अिायगी के धिए राज्य सरकारों पर धिर्घर हुए धबिा पररयोजिा राजस्ि स ेऋण अिायगी कर सकती ह ैं।
[अजधसूचना स.ं 73/2025 /फा. स.ं 225/192/2023]
डॉ. कास्त्रो िय प्रकाि टी., अिर सजचि
4513 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 9th July, 2025
S.O. 3060(E).— In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the
Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies bonds redeemable after five years and
issued on or after the date of this notification, by the Indian Renewable Energy Development Agency (IREDA) (a Public
Limited Government Company established as a Non-Banking Financial Institution), as ‘long-term specified asset’ for
the purposes of the said section.
2. IREDA shall utilise the proceeds from such bonds only for those renewable projects which can service the debt out
of the project revenues without being dependent on the State Governments for the service of debts.
[Notification No. 73/2025/F. No. 225/192/2023]
Dr. CASTRO JAYAPRAKASH T., Under Secy.
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and Published by the Controller of Publications, Delhi-110054.