Income Tax Department introduces Angel Tax Rules for valuing investments in startups

Last updated: 27 September 2023 Follow on Google News

The Income-tax (Twenty first Amendment), Rules, 2023, also known as the Angel Tax Rules, were notified by the Central Board of Direct Taxes (CBDT) on September 25, 2023. These rules amend Rule 11UA of the Income-tax Rules, 1962, which provides for the valuation of unquoted equity shares for the purp

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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