Venture Capital Undertaking specified for tax treatment under income tax rules; notification designates qualifying domestic companies. The Central Board of Direct Taxes specifies that a domestic company which qualifies as a venture capital undertaking under the Securities and Exchange Board of India (Venture Capital Funds) Regulations is to be treated as a Venture Capital Undertaking for the relevant income tax provision; the specification is made under the explanation to that provision and links the tax designation to the SEBI regulatory definition, with an effective date set by the notification.