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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Exemption u/s 10(23FB) -Venture Capital Fund [VCF] - investments ...

Case Laws     Income Tax

March 20, 2019

Exemption u/s 10(23FB) -Venture Capital Fund [VCF] - investments in Convertible Debenture application money - violation of SEBI (Venture Capital Fund) Regulations - permitted by its Trust Deed as well as by the VCF Regulations of SEBI to temporarily deploy funds in units of mutual funds as well as in Convertible Debenture application money - exemption allowable

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