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 rules set registration, investment cap, audit and withdrawal conditions for tax exemption eligibility. Guidelines prescribe the procedure for approval of a venture capital fund or venture capital company under clause (23FA) of section 10. An application in Form No. 56AA must be supported by specified incorporation, financial, and registration documents. Approval depends on SEBI registration, a twenty-five per cent investment cap in one venture capital undertaking, and maintenance and audit of books with the audit report furnished on time. Approval may be granted or refused by written order after hearing, may extend to a maximum of three assessment years, and must be withdrawn on specified non-compliance or cancellation of SEBI registration.
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 rules set registration, investment cap, audit and withdrawal conditions for tax exemption eligibility.
Guidelines prescribe the procedure for approval of a venture capital fund or venture capital company under clause (23FA) of section 10. An application in Form No. 56AA must be supported by specified incorporation, financial, and registration documents. Approval depends on SEBI registration, a twenty-five per cent investment cap in one venture capital undertaking, and maintenance and audit of books with the audit report furnished on time. Approval may be granted or refused by written order after hearing, may extend to a maximum of three assessment years, and must be withdrawn on specified non-compliance or cancellation of SEBI registration.
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