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of <h1>Finance Bill 2014 Amends Section 111A, Extends 15% Tax Rate to Business Trust Units from April 2015</h1> Clause 33 of the Finance (No. 2) Bill, 2014 amends section 111A of the Income-tax Act, effective April 1, 2015. It extends the concessional 15% tax rate on short-term capital gains to include transfers of units of a business trust, similar to units of an equity-oriented fund. However, this concessional rate will not apply to income from transfers of business trust units acquired through transfers mentioned in clause (xvii) of section 47. This amendment applies to the assessment year 2015-16 and subsequent years.
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