Income Tax (Deduction for Investment in a Venture Company or Venture Capital Company) Rules 2022
1. On 15 April 2022, the Minister, in the exercise of the powers conferred by paragraphs 33(1)(d) and 154(1)(b)], gazetted in the Gazette the Income Tax (Deduction for Investment in a Venture Company or Venture Capital Company) Rules 2022 [P.U. (A) 117]. 2. As a result of this Order, a company or an individual will […]
Income Tax (Exemption) (No. 3) Order 2022: Venture Capital Management Company (VCMC)
1. Exemptions would be extended for a period of four years, with the qualifying investment period being extended to the end of December 2026, according to the Budget 2020 proposal. 2. For the purposes of the legislation, on 15 April 2022, the Minister, in the exercise of the powers conferred by paragraph 127(3)(b) of the […]
