Amendment of section 10.

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....bsp;       (i) a person with disability or a person with severe disability as referred to in section 80U; or                         (ii) suffering from disease or ailment as specified in the rules made under section 80DDB,      the provisions of this sub-clause shall have effect as if for the words "ten per cent",the words "fifteen per cent" had been substituted.';       (ii) in Explanation 1, after the words "business of the first-mentioned person" occurring at the end, the words "and includes such policy which has been assigned to a person, at any time dur....

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....the Fund and not charged to income-tax during any previous year is shared, either wholly or in part with a depository, the whole of the amount so shared shall be deemed to be the income of the previous year in which such amount is so shared and shall, accordingly, be chargeable to income-tax. Explanation.-For the purposes of this clause,- (i) "depository" shall have the same meaning as assigned to it in clause (e) of sub-section (1) of section 2 of the Depositories Act, 1996 (22 of 1996); (ii) "regulations" means the regulations made under the Securities and Exchange Board of India Act, 1992 (15 of 1992) and the Depositories Act, 1996 (22 of 1996);'; (IV) in clause (23FB), for Explanation 1, the following....

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....ty shares in excess of fifteen per cent of the paid-up equity share capital of such venture capital undertaking; (b) "venture capital fund" means a fund- (A) operating under a trust deed registered under the provisions of the Registration Act, 1908 (16 of 1908), which- (I) has been granted a certificate of registration, before the 21st day of May, 2012, as a Venture Capital Fund and is regulated under the Venture Capital Funds Regulations; or (II) has been granted a certificate of registration as Venture Capital Fund as a sub-category of Category I Alternative Investment Fund under the Alternative Investment Funds Regulations and which fulfils the following conditions, namely:- (i) it has investe....