angel tax Current Affairs, GK & News

What is Angel Tax?

February 3, 2023

The Section 56 (2) (vii b) in the Income Tax Act is referred to as Angel tax. These taxes are imposed on startups. Say a startup SSS sells one lakh shares to a person X. Selling price of one share is Rs 5000. Now SSS gains 50 crores. Say the actual market value of the ..

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