TMI BlogTax on income in certain casesX X X X Extracts X X X X X X X X Extracts X X X X ..... Notwithstanding anything contained in any other provisions of this Act, any 2 [ income accruing or arising to or received ] by a person out of investments made in a venture capital company or venture capital fund shall be chargeable to income-tax in the same manner as if it were the 2 [ income accruing or arising to or received ] by such person had he made investments directly in the ventur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nds of 6 [ the person referred to in sub-section (1) as it had been ] received by, or 7 [ had accrued or arisen ] to, the venture capital company or the venture capital fund, as the case may be, during the previous year. (4) The provisions of Chapter XII-D or Chapter XII-E or Chapter XVII-B shall not apply to the income paid by a venture capital company or venture capital fund under this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or venture capital fund, being an investment fund specified in clause (a) of the Explanation 1 to section 115UB. ] Explanation. 9 [ 1 ] -For the purposes of this Chapter, venture capital company , venture capital fund and venture capital undertaking shall have the meanings respectively assigned to them in clause ( 23FB ) of section 10.] 10 [ Explanation 2. - For the removal o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2, w.e.f. 01-04-2013., before it was read as:- to the person receiving such income 5. Substituted vide Finance Act, 2012, w.e.f. 01-04-2013., before it was read as:- income paid 6. Substituted vide Finance Act, 2012, w.e.f. 01-04-2013., before it was read as:- the person receiving such income as it had been 7. Substituted vide Finance Act, 2012, w.e.f. 01-04-2013., before it w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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