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of <h1>Finance Bill 2015: Tax Exemptions Expand for Sukanya Accounts, Swachh Bharat, Clean Ganga, and Investment Trusts</h1> The amendment to section 10 of the Income-tax Act in the Finance Bill, 2015, introduces several changes regarding tax exemptions. A new clause (11A) exempts payments from Sukanya Samriddhi Accounts. Clause (23C) is expanded to include exemptions for the Swachh Bharat Kosh and Clean Ganga Fund. Clause (23EE) exempts specified income from Core Settlement Guarantee Funds. Amendments to clause (23FB) exclude certain venture capital incomes from exemptions starting April 2016. New clauses (23FBA), (23FBB), and (23FCA) provide tax exemptions for certain investment and business trust incomes. Clause (23FD) and clause (38) are also revised to address distributed income and long-term capital gains.
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