Tax department notifies 'Angel Tax' rules for valuing investments in startups

As per the Budget, the excess premium will be considered as 'income from sources' and taxed at the rate of up to over 30 per cent. However, startups registered by the DPIIT are exempt from the new norms.

Tax department notifies 'Angel Tax' rules for valuing
The amended rules also retain the five new valuation methods proposed in the draft rules for consideration received from the non-residents. Source: Freepik

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