https://www.taxtmi.com/acts?id=6730 Paragraph 7 grants a tax exemption to the EEC only for investments made out of ECIIP funds when used by the EEC through partner institutions as seed capital to promote industrial enterprises with European investors in India; the exemption covers income-tax on dividends, interest and capital gains on disinvestment but does not apply to equity held by foreign investors from EEC member countries or to equity held by ECIIP partner institutions from their own funds. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 05 Mar 2009 11:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6730 Paragraph 7 grants a tax exemption to the EEC only for investments made out of ECIIP funds when used by the EEC through partner institutions as seed capital to promote industrial enterprises with European investors in India; the exemption covers income-tax on dividends, interest and capital gains on disinvestment but does not apply to equity held by foreign investors from EEC member countries or to equity held by ECIIP partner institutions from their own funds. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6730