angel tax Current Affairs, GK & News
What is Angel Tax?
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 ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2022 • Legal & Constitution Current Affairs
Topics: angel tax • Finance Bill • Foreign Investment • Income Tax Act • Startups