Amendment of section 48

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....ia) in respect of long-term capital gain so arrived at relating to equity shares of venture capital undertakings, - (A) in the case of a company, other than venture capital company, thirty per cent. of the amount of such gain in excess of ten thousand rupees; (B) in the case of venture capital company, sixty per cent. of the amount of such gain in excess of ten thousand rupees; ....

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....ment in this behalf; (b) "venture capital undertaking" means such company as the prescribed authority may, having regard to the following factors, approve for the purposes of sub-clause (ia) of clause (b) of sub-section (2), namely :- (1) the total investment in the company does not exceed ten crore rupees or such other higher amount as may be prescribed; (2) the company....