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Rule 2DAA: Conditions for the Venture Capital Fund for the clause (23FB) of section 10

The Income-tax Rules, 1962Central Act · 1962

[Conditions for the Venture Capital Fund for the clause (23FB) of section 10.

For the purposes of sub-item (iv) of item (II) of sub-clause (A) of clause (b) of Explanation to clause (23FB) of section 10, the Venture Capital Fund as referred to in sub-regulation (2) of regulation 18 of the International Financial Services Centres Authority (Fund Management) Regulations, 2022 shall be construed as Category I Alternative Investment Fund regulated under the International Financial Services Centres Authority (Fund Management) Regulations, 2022 made under the International Financial Services Centres Authority Act, 2019 (50 of 2019).]

Where this provision sits

ActThe Income-tax Rules, 1962
Rule2DAA
Marginal noteConditions for the Venture Capital Fund for the clause (23FB) of section 10
JurisdictionCentral
StatusIn force as published by the source

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted. Inserted by the IT (Second Amdt.) Rules, 2025, w.e.f. 27-1-2025.

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