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Pvt ltd company registration - Gangtok
Thursday, 19 October, 2023
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Item details
City:
Gangtok, Sikkim
Offer type:
Offer
Item description
Angel tax is a colloquial term used to describe the tax that startups may have to pay on investments that they receive from angel investors. Angel investors are typically individuals who invest in startups at an early stage, when the startup is still in its early stages of development and may not be generating any revenue.
Angel tax is levied under Section 56(2)(viib) of the Income Tax Act, 1961. This section states that if a startup issues shares at a price that is higher than the fair market value of the shares, the difference between the issue price and the fair market value will be taxed as income in the hands of the startup.
Why was Angel Tax Introduced?
Angel Tax was introduced in response to a 2009 incident involving alleged money laundering, in which substantial amounts of money were invested in an unlisted company at an exceptionally high premium. This case has been entangled in legal proceedings since 2009, prompting the introduction of Section 56(2)(viib) in 2012.
Angel tax is levied under Section 56(2)(viib) of the Income Tax Act, 1961. This section states that if a startup issues shares at a price that is higher than the fair market value of the shares, the difference between the issue price and the fair market value will be taxed as income in the hands of the startup.
Why was Angel Tax Introduced?
Angel Tax was introduced in response to a 2009 incident involving alleged money laundering, in which substantial amounts of money were invested in an unlisted company at an exceptionally high premium. This case has been entangled in legal proceedings since 2009, prompting the introduction of Section 56(2)(viib) in 2012.
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