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Tax exemptions extended: income tax relief for specified undertaking and exclusions from securities and commodities transaction taxes for trusts. Clause 113 extends the income tax exemption for the specified Unit Trust undertaking to cover 1 April 2009 through 31 March 2014, retrospectively effective from 1 April 2009. Clause 114 exempts taxable securities transactions entered by or on behalf of the New Pension System Trust from Chapter VII's securities transaction tax provisions from 1 October 2009. Clause 115 prevents Chapter VII's commodities transaction tax provisions from applying to commodities transactions entered on or after 1 April 2009, retrospectively effective from that date. Clause 116 repeals the Finance Act, 2009.
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Tax exemptions extended: income tax relief for specified undertaking and exclusions from securities and commodities transaction taxes for trusts.
Clause 113 extends the income tax exemption for the specified Unit Trust undertaking to cover 1 April 2009 through 31 March 2014, retrospectively effective from 1 April 2009. Clause 114 exempts taxable securities transactions entered by or on behalf of the New Pension System Trust from Chapter VII's securities transaction tax provisions from 1 October 2009. Clause 115 prevents Chapter VII's commodities transaction tax provisions from applying to commodities transactions entered on or after 1 April 2009, retrospectively effective from that date. Clause 116 repeals the Finance Act, 2009.
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