Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Venture capital fund approval requires SEBI registration, investment limits, audited books, and prescribed tax compliance conditions. Approval under clause (23F) of section 10 is governed by Rule 2D, which requires a venture capital fund or venture capital company to apply in Form No. 56A to the jurisdictional Director of Income-tax (Exemptions). The application must be accompanied by specified incorporation, financial, and registration documents. Approval is subject to registration with the Securities and Exchange Board of India, investment limits in a venture capital undertaking, maintenance and audit of books of account, and furnishing of the audit report within the prescribed time.
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.
Venture capital fund approval requires SEBI registration, investment limits, audited books, and prescribed tax compliance conditions.
Approval under clause (23F) of section 10 is governed by Rule 2D, which requires a venture capital fund or venture capital company to apply in Form No. 56A to the jurisdictional Director of Income-tax (Exemptions). The application must be accompanied by specified incorporation, financial, and registration documents. Approval is subject to registration with the Securities and Exchange Board of India, investment limits in a venture capital undertaking, maintenance and audit of books of account, and furnishing of the audit report within the prescribed time.
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