Eligible Assessee
Venture capital fund or venture capital company
Nature of Income
Any income from investment in venture capital undertaking
Amount Exempt
Entire amount
Conditions laid down for Tax
Exemption u/s 10(23FB)
1. venture capital company means the one
-which has been granted certificate of registration under SEBI Act and Rules
and fulfils notified and approved specified conditions
2. venture capital fund means such fund
-operating under trust deed or as venture capital scheme made by UTI and has
been granted certificate of registration under SEBI Act and Rules and fulfils
notified and approved specified conditions.
3. Venture capital undertaking means
-Domestic company whose shares are not listed in recognized stock exchange and
is engaged in business of specified activities
How to earn Tax free income? Incomes exempted from tax under Income Tax Act, 1961
Free download of Income Tax Return Filing Official Software
Tax Deducted at Source (TDS) Rates from Financial Year 2013-14 (Assessment Year 2014-15)
Tax Deducted at Source (TDS) Rates
Income Tax Rates Financial Year 2012-13
Income Tax Rates Financial Year 2013-14
Audit requirement for business and profession under section 44 AB of Income Tax Act 1961
Income Tax Exemption under Section 10 of Income Tax Act, 1961
Deductions allowed from Gross Total Income under Chapter VI A of Income Tax Act, 1961
Tax saving schemes and deductions available against investment