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of <h1>SUUTI Tax Exemption Extended Until March 2021 Under Finance Bill 2019-20, Applied Retrospectively from April 2019.</h1> The Special Undertaking of the Unit Trust of India (SUUTI), established under the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, is tasked with liquidating government liabilities from the former UTI. Previously exempt from income tax and other taxes on its income, profits, or gains until March 31, 2019, the Finance Bill 2019-20 proposes extending this tax exemption for an additional two years, until March 31, 2021. This amendment is set to be applied retrospectively from April 1, 2019.
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