Pvt ltd company registration - Gangtok
Thursday, 19 October 2023
No photo
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.
Related ads
We at pvt ltd company registration provide fast and effective pvt ltd company registration services…
…Partnership Company Registration Partnership Deed Registration of Partnership Documents Required…
Company Registration is nothing but the incorporation of a new company/business/corporation. The…
Looking for (Taxation & Registration) services ?- We would like to introduce ourself as a company…
Pvt Ltd Company Registration in Kolkata is the most popular elegant style of a legal entity, and…
Quick Consult is the best Pvt ltd Company registration in Lucknow and a private limited company is…
Company Registration , PVT LTD , OPC, (@9999/- only including everything) LLP Registration (@…
Company pvt. Ltd. / ltd. , opc (Delhi)
We Agarwal Taxcon Private Limited offer our Taxation, Registration, Accounting, Investment…
Get Private Limited Company Registration in Chennai with Corpstore, Best Pvt Ltd company…
We offer all type of Company incorporation services , Taxation services, GST Compliances: DIGITAL…
