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of <h1>Union Budget 2025-26 extends SUUTI income-tax exemption under UTI Repeal Act, 2002, until March 31, 2027.</h1> The Union Budget 2025-26 proposes an amendment to the UTI Repeal Act, 2002, extending the income-tax exemption for the Specified Undertaking of Unit Trust of India (SUUTI) until March 31, 2027. Originally, SUUTI was exempt from income tax until March 31, 2023, which was later extended to March 31, 2025, by the Finance Act, 2023. The extension is due to ongoing obligations, such as scheme redemptions and pending litigation. The amendment ensures that no income tax will be payable by the SUUTI Administrator for income, profits, or gains during this period.
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