https://www.taxtmi.com/acts?id=49686 Section 115U makes income received by investors from venture capital companies or funds taxable as if the investor had invested directly in the venture capital undertaking, deeming the income to be of the same nature and proportion in the hands of the recipient as it was to the venture capital company or fund; it mandates prescribed reporting by the payer and the fund to the recipient and tax authority and excludes application of Chapters XII-D, XII-E and XVII-B to such income, with key terms defined by reference to clause (23FB) of section 10. en-us Mon, 24 Feb 2025 15:27:50 +0530 Mon, 24 Feb 2025 15:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49686 Section 115U makes income received by investors from venture capital companies or funds taxable as if the investor had invested directly in the venture capital undertaking, deeming the income to be of the same nature and proportion in the hands of the recipient as it was to the venture capital company or fund; it mandates prescribed reporting by the payer and the fund to the recipient and tax authority and excludes application of Chapters XII-D, XII-E and XVII-B to such income, with key terms defined by reference to clause (23FB) of section 10. Act-Rules F. Acts / Amendment Acts Mon, 24 Feb 2025 15:27:50 +0530 https://www.taxtmi.com/acts?id=49686