Tax Exemption to Venture Capital Fund or Company Simplified !


Venture Capital Fund (VCF) or Venture Capital Company plays a great role in seeding and nurture a newly setup business by a company. The concept has come from USA and India also has brought  various legislation to provide culture of investment through these vehicle of investment.Thus section 10(23FB) of the Income Tax Act provides  100% of tax exemption  to any income of a venture capital company or venture capital fund from investment in venture capital undertaking. In other words , if you set up either a Venture Capital Company   or Venture Capital Fund , which invests in venture capital undertaking, in that case only,  tax exemption is provided as per section 10(23FB) of the Income Tax Act.

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