Exemption u/s 10(23FB) - income earned on investments from VCUs ...

Income from venture capital investments exempt u/s 10(23FB); no capital gains tax applied u/s 10(38).

April 10, 2020

Case Laws Income Tax AT

Exemption u/s 10(23FB) - income earned on investments from VCUs [venture capital undertaking] - Since we have held in the preceding paragraphs, that the assessee cannot be subjected to tax for capital gains, there was no necessity to examine the question of applicability of provisions of sec.10(38) of the Act to the capital gains earned by the assessee on sale of shares. - AT

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Exemption u/s 10(23FB) - income earned on investments from VCUs ...

Income from venture capital investments exempt u/s 10(23FB); no capital gains tax applied u/s 10(38).

April 10, 2020

Case Laws Income Tax AT

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