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<h1>Finance Act 2014 Amends Income-Tax Act: New Filing Requirements for Mutual Funds, Trusts, and Venture Capital Entities. Effective 2015.</h1> The Finance (No. 2) Act, 2014 amends section 139 of the Income-tax Act, effective April 1, 2015. It introduces new clauses in sub-section (4C), requiring Mutual Funds, securitisation trusts, and venture capital entities to comply with specific provisions. Additionally, sub-section (4E) mandates that business trusts, not otherwise obligated to file returns, must submit returns for their income or loss annually. These amendments ensure that such entities are subject to the same reporting requirements as other taxpayers under the Act.