Extension of tax exemption period for Unit Trust administrator to continue beyond current expiry under amended legislation. The amendment to section 13(1) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 substitutes the existing terminal year with a later terminal year to extend the period for which tax shall be payable by the Administrator of a specified undertaking; this amendment will take effect from 1st April, 2025.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Extension of tax exemption period for Unit Trust administrator to continue beyond current expiry under amended legislation.
The amendment to section 13(1) of the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002 substitutes the existing terminal year with a later terminal year to extend the period for which tax shall be payable by the Administrator of a specified undertaking; this amendment will take effect from 1st April, 2025.
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