Variable Capital Companies (Miscellaneous Amendments) Bill

The Parliament passed the VCC (Miscellaneous Amendments) Bill which puts in place the tax treatment for VCCs by making amendments to the Income Tax Act, Goods and Services Tax Act and Stamp Duties Act. The Bill also amends the VCC Act to incorporate relevant insolvency provisions under the Insolvency, Restructuring and Dissolution Act (“IRDA”) and other technical amendments.


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