Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and above the fair market value. This was commonly referred to as an angel tax.from Tech-Economic Times https://ift.tt/IHCEscD
I-T department invites comments on draft rules for valuing startup investment by non-residents
Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and above the fair market value. This was commonly referred to as an angel tax.from Tech-Economic Times https://ift.tt/IHCEscD
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