Angel Tax That May Be An Unknown Term For Tax Payers
The start-ups companies were facing the problems on the fund raising of the unlisted companies who has recently requested to show a point of concern to the start-ups as tax payers on their fund raising plans, the Department of Industrial Promotion (DIPP) this year has announced that said companies earlier limit was 10 crore has changed to share premium did not exceed Rs 25 crore would get immunity from the taxation.
Angel tax is defined as a payable tax on unlisted companies or through the shares, as tax payers the sale price is observed to be higher compared to the fair market value.
Source: Economic Times
- 12 Jul 2019
- WerIndia
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