Section 13 of UTI Act : Section 13: Tax Exemption Or Benefit To Continue To Have Effect
UTI Act
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Explanation using Example
Imagine a scenario where the Administrator of the specified undertaking under the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002, receives rental income from a property that is part of the specified undertaking. According to Section 13(1), this rental income would not be subject to income tax or any other tax from the appointed day until Mar...
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