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Govt announces to remove angel tax on startups for all classes of investors

by AIP Online Bureau | Jul 23, 2024 | Eco/Invest/Demography, Indian News, Technology, Workplace/Employee Benefits

While previously the angel tax — a tax levied on capital received on the sale of shares of a startup above the fair market value — applied only to local investors, the Budget for the 2023-24 fiscal year (April 2023 to March 2024) widened its ambit to...

Tax department notifies ‘Angel Tax’ rules for valuing investments in startups

by AIP Online Bureau | Sep 26, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Technology

“These changes offer taxpayers a broader range of valuation methods to choose from, including internationally recognized approaches, thereby attracting foreign investments and fostering clarity. Moreover, the notified final rule introduces an additional...

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