Section 13: Tax exemption or benefit to continue to have effect.

The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002Central Act · Act 58 of 2002

(1) Notwithstanding anything contained in the Income-tax Act, 1961 (43 of 1961) or any other enactment for the time being in force relating to tax on income, profits or gains, no income-tax or any other tax shall be payable by the Administrator in relation to the specified undertaking [for the period beginning on the appointed day and ending on the [31st day of March, [2027]] in respect of any income, profits or gains derived, or any amount received in relation to the specified undertaking.

(2) The transfer and vesting of the undertaking or the specified undertaking in terms of section 4 shall not be construed as a transfer within the meaning of the Income-tax Act, 1961 (43 of 1961) for the purposes of capital gains.

Where this provision sits

Act	The Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002
Section	13
Marginal note	Tax exemption or benefit to continue to have effect.
Jurisdiction	Central
Status	In force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

substituted, Act 18 of 2008. . Subs. by Act 18 of 2008, s. 123, for "for a period of five years computed from the appointed day" (w.e.f. 1-2-2008).
substituted, Act 8 of 2023. . Subs. by Act 8 of 2023, s. 173, for "31st day of March, 2023" (w.e.f. 1-4-2023).
substituted, Subs. By Act 7 of 2025. . Subs. By Act 7 of 2025, s. 136, for “2025” (w.e.f 1-4-2025)

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