Income tax benefits
{"Image DocumentName": "Income tax benefits", "Image ImageDescription": "In order to encourage the development of venture capital funds, the Income Tax Act, 1961 exempts the income of a venture capital fund from income tax. Income of a Venture Capital fund [section 10(23FB)] (on and from Financial Year Any income of a Venture Capital Fund ( VCF ) or a Venture Capital Company ( VCC ) set up to raise funds for investment in a Venture Capital Undertaking ( VCU ) is exempt.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}