The Finance Bill, 2023 has proposed to amend Section 56(2) VII B of the Income Tax Act.
Section 56(2) VII B of the Income Tax Act, also known as the ‘angel tax’ was first introduced in 2012 to deter the generation and use of unaccounted money through the subscription of shares of a closely held company at a value that is higher than the fair market value of the firm’s shares. |
What is Angel Tax?
Why are start-ups concerned?
Verifying, please be patient.
DELHI (Karol Bagh)
GS SCORE, 1B, Second Floor, Pusa Road, Karol Bagh, New Delhi - 110005 (Beside Karol Bagh Metro Station Gate No. 8)
BHUBANESWAR (Jaydev Vihar)
GS SCORE, Plot No.2298, Jaydev Vihar Square, Near HCG Day Care, BBSR - 751013
LUCKNOW (Aliganj)
GS SCORE, 2nd Floor, B-33, Sangam Chauraha, Sector H, Aliganj, Lucknow, UP - 226024