Tax on income in case of venture capital undertakings.

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..... s any income, or any income accrues or arises to him, such income shall be chargeable to income-tax in the same manner as if, it were the income accruing or arising to, or received by, such person, had he made investments directly in the venture capital undertaking. (2) The person responsible for crediting or making payment of the income on behalf of a venture capital company or a venture capital .....

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..... provisions of Chapter XIX-B shall not apply to the income paid by a venture capital company or venture capital fund under this Chapter. (5) The income accruing or arising to or received by the venture capital company or venture capital fund during a tax year from investments made in venture capital undertaking, if not paid or credited to the person referred to in sub-section (1), shall be deemed .....

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..... investment fund specified in section 224(10)(a). (8) For the purposes of this section, "venture capital company", "venture capital fund" and "venture capital undertaking" shall have the meanings respectively assigned to them in Schedule V (Note 4). - Clause 222 of the Bill seeks to provide for tax on income in case of venture capital undertakings.
Statute, statutory provisions legislation, .....

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