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of <h1>Union Budget 2023-24 Amends UTI Repeal Act, Extends SUUTI Tax Exemption to September 2023, Addresses Redemption Delays.</h1> The Union Budget 2023-24 proposes amendments to the UTI Repeal Act, 2002, extending the income-tax exemption for the Specified Undertaking of Unit Trust of India (SUUTI) until September 30, 2023. SUUTI, established to manage and liquidate government liabilities from the former Unit Trust of India, faces delays in redeeming all schemes and paying investors. The amendment allows the SUUTI Administrator to vacate office either upon scheme redemption completion or by a date set by the government. These changes aim to address the prolonged redemption timeline and ensure continued tax exemption during this period.
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