https://www.taxtmi.com/acts?id=47251 The amendment treats long-term capital gains on equity shares of venture capital undertakings by applying specified proportions of such gains for taxation depending on the transferee's character, excludes those assets from the residual "other capital assets" category, and inserts an Explanation defining "venture capital company" (primary financier approved by the Central Government) and criteria for "venture capital undertaking" including an investment ceiling, limited internal resources, and employment of high risk technology. en-us Fri, 10 Jan 2025 12:06:13 +0530 Fri, 10 Jan 2025 12:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47251 The amendment treats long-term capital gains on equity shares of venture capital undertakings by applying specified proportions of such gains for taxation depending on the transferee's character, excludes those assets from the residual "other capital assets" category, and inserts an Explanation defining "venture capital company" (primary financier approved by the Central Government) and criteria for "venture capital undertaking" including an investment ceiling, limited internal resources, and employment of high risk technology. Act-Rules F. Acts / Amendment Acts Fri, 10 Jan 2025 12:06:13 +0530 https://www.taxtmi.com/acts?id=47251