Thursday, 28 February 2013
Budget Alert: Tax break for SEBI-registered angel investors
Posted on 19:48 by Unknown
SEBI will prescribe requirements for angel investor pools by which they can be recognised as Category I AIF venture capital funds
Venture Capital Funds have been allowed pass through status under the Income Tax Act. The relevant regulations of SEBI would be replaced by Alternative Investment Fund Regulations. The ‘pass through status’ has been extended to category I Alternative Investment
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