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    <title>Clause (23FB) of section 10 of the Income-tax Act, 1961 - CBDT hereby specifies a domestic company, being a venture capital undertaking under the Securities and Exchange Board of India Act, 1992, as a Venture Capital Undertaking</title>
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    <description>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.</description>
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      <description>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.</description>
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