Tax treatment of venture capital income: investor receipts taxed as if invested directly, with specific reporting obligations. Income from investments in a venture capital company or fund is chargeable to tax as if the investor invested directly; the company, fund or payer must furnish prescribed statements to recipients and the tax authority detailing the income paid; distributed income retains the same nature and proportion in the hands of recipients as it had in the fund or company; Parts B and C of the Code do not apply to such income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax treatment of venture capital income: investor receipts taxed as if invested directly, with specific reporting obligations.
Income from investments in a venture capital company or fund is chargeable to tax as if the investor invested directly; the company, fund or payer must furnish prescribed statements to recipients and the tax authority detailing the income paid; distributed income retains the same nature and proportion in the hands of recipients as it had in the fund or company; Parts B and C of the Code do not apply to such income.
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