Extension of income-tax exemption to Special Undertaking of Unit Trust of India (SUUTI) - THE FINANCE (No. 2) BILL, 2014

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..... Extension of income-tax exemption to Special Undertaking of Unit Trust of India (SUUTI) - THE FINANCE (No. 2) BILL, 2014 - News and Press Release Dated:- 13-7-2014 - News - Extension of income-tax .....

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..... exemption to Special Undertaking of Unit Trust of India (SUUTI) The Special Undertaking of the Unit Trust of India (SUUTI) was created vide the Unit Trust of India (Transfer of Undertaking an .....

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..... d Repeal) Act, 2002. SUUTI is the successor of UTI. The mandate of SUUTI is to liquidate Government liabilities on account of the erstwhile UTI. Vide section 13(1) of the said Repeal Act, SUUT .....

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..... I is exempt from income-tax or any other tax or any income, profits or gains derived, or any amount received in relation to the specified undertaking for a period of five years, computed from the appo .....

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..... inted day, i.e. 1st day of February, 2003. This exemption was to come to an end on 31st January, 2008 and the exemption was extended up to the 31st March, 2009 and thereafter, up to the 31 st March, .....

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..... 2014. Since some of the tasks of SUUTI are still pending closure, it is proposed to amend section 13(1) so as to extend the exemption for a further period of five years that is upto 31 st Mar .....

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..... ch, 2019. This amendment will take effect retrospectively from 1st April, 2014. [Clause 108] - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - ta .....

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..... xmanagementindia.com - TMI - TaxTMI - TMITax .....

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