Taxation of venture capital income: extends chargeability to income accruing or arising as well as received, and clarifies reporting. Amendment expands chargeability to treat income from venture capital companies or funds as income 'accruing or arising to or received' by the investor, obliges persons responsible for crediting or making payments and the venture vehicle to furnish prescribed statements to the person liable to tax and the income-tax authority for income paid or credited, deems unpaid or uncredited income to have been credited to the investor on the last day of the previous year in proportionate shares, and adds an explanation preventing double inclusion where income was taxed on accrual and later paid.