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of <h1>Income from venture capital investments taxed directly; statements required for recipients and tax authorities. Part B/C Code provisions excluded.</h1> Income received by individuals from investments in venture capital companies or funds is taxed as if they invested directly in the venture capital undertaking. The venture capital company or fund, or the person responsible for income payment, must provide a statement detailing the income nature and other prescribed details to both the income recipient and the tax authority. The income retains the same nature and proportion in the recipient's hands as it was for the venture capital entity. Provisions of Part B or Part C of the Code do not apply to such income.
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