By-Z A Ansari : New Delhi, April 22, 2025: Housing and Urban Development Corporation Ltd. (HUDCO) is set to celebrate its 55th Foundation Day on April 25, marking the occasion with a significant milestone—the granting of the 54EC Capital Gain Tax Certification by the Ministry of Finance.
In an exclusive conversation with NewsIP, a Company official shared the development. They stated, “Today, HUDCO has received the same certification previously awarded to leading institutions like REC. This is a significant step forward, and we expect strong positive outcomes in the future.”
With this certification, HUDCO joins the ranks of select institutions whose bonds are eligible for exemption from capital gains tax under Section 54EC of the Income Tax Act. This enhances HUDCO’s credibility and opens a new investment avenue for investors looking for tax-saving options.
The achievement reflects HUDCO’s long-term strategic vision and strong financial foundation. On the occasion of its Foundation Day, this recognition marks a major leap toward the organization’s future growth and impact.
