Amendment of section 10

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....does not exceed five lakh rupees" shall be substituted; (ii) in the first proviso, the words, brackets and figures "and such schemes in relation to companies referred to in sub-clause (ii) or co- operative societies referred to in sub-clause (v) are approved by the Chief Commissioner or, as the case may be, Director-General in this behalf" shall be omitted; (b) in clause (15),- (i) in sub-clause (iv),- (A) in item (g), for the words, brackets and figures "being a company approved by the Central Government for the purposes of clause (viii) of sub-section (1) of section 36", the words, brackets and figures "being a company eligible for deduction under clause (viii) of sub- section (1) of section 36" shall b....

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.... any previous year is shared, either wholly or in part, with a recognised stock exchange, 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;"; (e) in clause (23FA), after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 2001, namely,- "Provided also that nothing contained in this clause shall apply in respect of any investment made after the 31st day of March, 2000."; (f) after clause (23FA), the following shall be inserted with effect from the 1st day of April, 2001, namely,- '(23FB) any income of a venture capital company or ventu....