Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: form 3cd :: TDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARDS :: cpt :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended
 What is GST?
 Income-tax (15th Amendment) Rules, 2017?
 Banks get a breather as GST Council extends deadline for tax filing
 Income Tax filing: Your easy guide in 7 steps
 E-filing income tax return: How individuals can upload any ITR using excel utility
 Top 10 common mistakes to avoid when e-filing your income tax return

Core sector set for boost as venture capital funds escape tax
May, 04th 2007

Finance minister P Chidambaram's announcement that venture capital (VC) funds for infrastructure would be allowed pass-through status comes as a relief to the sector.

With this, large amounts of funds could flow into infrastructure financing, which is expected to require over $360 billion in the next few years, of which $90 billion would be in form of equity.
 
India Infrastructure Finance Company Ltd (IIFCL) chairman SS Kohli said the move would provide a boost to the sector in the long run. There would be huge requirements of funds in the next few years. The move would particularly help in infrastructure funding, especially the equity component, Kohli said.

At present, the infrastructure sector receives very little VC funding, analysts said.

Of the total 42 VC funds in the country, around five are involved in infrastructure funding.

At present, VC funds enjoy complete pass-through status under Section 10 (23FB) of the Income Tax Act, irrespective of the nature of income. However, Budget 2007-08 sought to restrict the pass-through status for VC funds and VC companies to only income from investments in domestic unlisted company in certain specified sectors, including information technology and biotech. Infrastructure sector was not included in the list.

This was also discouraging VC funds from making long-term investments in sectors like infrastructure and real estate.

Investments by VC funds in India have doubled to more than $1000 million in 2007 from $320 million in 1999. VC funds mostly invest in sectors with high growth but with inherent uncertainties. India has been one of the most active markets among other Asian economies for VC funds.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions