Big news for legal aid. The CBDT Notification S.O. 3204(E) gives important income tax exemptions to District Legal Service Authorities in Haryana, including Gurgaon, Mewat, and others, starting from AY 2025-26. Discover which income is exempt and the conditions that apply.

By reinvested profits in government-backed capital gain bonds such as those issued by NHAI and REC, taxpayers can claim tax exemptions on long-term capital gains under Section 54EC of the Income Tax Act. These bonds provide a five-year lock-in duration, a safe investment alternative, and a maximum investment limit of Rs. 50 lakhs every fiscal year. This blog provides examples, answers to commonly asked questions, and an explanation of the requirements, advantages, and eligibility of Section 54EC.