<h1>Finance Bill 2014 Proposes Extending SUUTI Income Tax Exemption Until 2019, Retroactive from April 2014.</h1> The Finance (No. 2) Bill, 2014 proposes an extension of the income-tax exemption for the Special Undertaking of Unit Trust of India (SUUTI). Originally established under the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, SUUTI was exempt from income tax for five years starting February 1, 2003. This exemption was extended multiple times, with the latest extension ending on March 31, 2014. Due to unfinished tasks, an amendment is proposed to extend the exemption until March 31, 2019, effective retrospectively from April 1, 2014.