https://www.taxtmi.com/acts?id=48202 For the purposes of the specified income-tax exemption under clause (23FB) of section 10, the Venture Capital Fund referred to in sub-regulation (2) of regulation 18 of the International Financial Services Centres Authority (Fund Management) Regulations, 2022 is to be treated as a Category I Alternative Investment Fund regulated under those Regulations made under the International Financial Services Centres Authority Act, 2019. The rule clarifies the regulatory character of the fund for application of the exemption-linked condition and aligns the fund with the Category I AIF framework. en-us Wed, 29 Jan 2025 11:20:39 +0530 Sat, 16 May 2026 12:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48202 For the purposes of the specified income-tax exemption under clause (23FB) of section 10, the Venture Capital Fund referred to in sub-regulation (2) of regulation 18 of the International Financial Services Centres Authority (Fund Management) Regulations, 2022 is to be treated as a Category I Alternative Investment Fund regulated under those Regulations made under the International Financial Services Centres Authority Act, 2019. The rule clarifies the regulatory character of the fund for application of the exemption-linked condition and aligns the fund with the Category I AIF framework. Act-Rules Income Tax Wed, 29 Jan 2025 11:20:39 +0530 https://www.taxtmi.com/acts?id=48202