Income-tax (13th Amendment) Rules, 2013 - Statement of income paid or credited by Venture Capital Company or Venture Capital Fund to be furnished under section 115U - 59/2013 - Income Tax

Venture Capital Funds Must Electronically File Income Statements by November 30 Under IT Rules Section 115U

The Income-tax (13th Amendment) Rules, 2013, mandates that Venture Capital Companies or Funds must furnish a statement of income paid or credited under section 115U by November 30 of the financial year following the previous year. This statement, verified by an accountant, must be submitted electronically using Form No. 64. The Director General of Income-tax (Systems) will outline the filing procedure and ensure data security. The amendment also specifies the format and details required in Form No. 64, including income from long-term and short-term capital gains, dividends, and other income from investments in venture capital undertakings.