Arty income of a specified person in the nature of dividend, interest or long-term capital gains arising from an investment made by it in India, whether in the form of debt or share capital or unit, is exempt u/s 10(23FE) if it is made in the:
A. a Category-I or Category-II Alter-native Investment Fund regulated under the Securities and Exchange Board of India having hundred percent investment in one or more of the company or enterprise or entity referred to in option(c)
B. a business trust referred to in sub-clause (z) of clause (13A) of section 2
C. a company or enterprise or an entity carrying on the business of developing, or operating and maintaining, or developing, operating and maintaining any infrastructure facility as defined in the Explanation to clause (z) of sub-section (4) of section 80-IA or such other business as the Central Government may, by notification in the Official Gazette, specify in this behalf.
D. All of the above.
Answer:D
Arty income of a specified person in the nature of dividend, interest or long-term capital gains arising from an investment made by it in India, whether in the form of debt or share capital or unit, is exempt u/s 10(23FE) if it is made in the:
A. a Category-I or Category-II Alter-native Investment Fund regulated under the Securities and Exchange Board of India having hundred percent investment in one or more of the company or enterprise or entity referred to in option(c) B. a business trust referred to in sub-clause (z) of clause (13A) of section 2 C. a company or enterprise or an entity carrying on the business of developing, or operating and maintaining, or developing, operating and maintaining any infrastructure facility as defined in the Explanation to clause (z) of sub-section (4) of section 80-IA or such other business as the Central Government may, by notification in the Official Gazette, specify in this behalf. D. All of the above.