Exactly how angel tax will continue to fail startup Asia
Angel tax epitomizes exactly how unintended consequences can be undo the very best of motives. Section 56(2)(viib) of the income tax code fees the essential difference between the difficulty price off unlisted bonds and its own fair market price (FMV), hence has to be dependent on a seller banker either having fun with publication well worth or discount cashflow strategy. Lead into the 2012 once the a good level to eliminate age group and you may circulation from unaccounted currency”, it arose on account of a favorite governmental leader’s business searching unaccounted display premium away from ? 277 crore.
Since the 2016, it part could have been aggressively misapplied in order to Indian startup’s raising loans from dealers. » Read more