The Angel Tax Controversy: A Comprehensive Overview

Sachin , Last updated: 21 August 2024  
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Introduction Angel Tax, introduced in 2012 under Section 56(2)(viib) of the Income Tax Act 1961, was a tax levied on startups receiving investments from angel investors when the amount raised exceeded the fair market value of the shares issued. Purpose The primary aim of Angel Tax was to prevent

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Published by

Sachin
(Finance Manager)
Category Income Tax   Report

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