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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

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

Income Tax

April 10, 2020

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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