The Section 56(2)(viib) of the Income Tax Act provides that the amount raised by a start-up in excess of its fair market value would be deemed as income from other sources like angel investors and would be taxed at 30 percent. This section was introduced in 2012 and the tax was named as the ‘Angel Tax’.
from Jagran Josh https://ift.tt/2SJTL7E
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.
ConversionConversion EmoticonEmoticon