--- Connecting LPs & GPs worldwide
--- Connecting LPs & GPs worldwide
Under new rules in India, the entire income of registered VC funds, whether foreign or domestic, is exempt from Indian income tax, subject to certain conditions. But to take advantage of this tax-exempt status, funds must register with the regulator, the Securities and Exchange Board of India. Berjis Desai of Udwadia, Udeshi & Berjis explains further.
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