The demand was raised under Section 56(2)(viib) of the Income Tax Act on account of the addition to the income after the assessee had issue...

CBDT Chairman Ravi Agarwal stated that recent tax changes will significantly benefit home buyers and investors. The new provisions, effecti...

A founder who is in the middle of raising a down round said the threat of getting I-T notices has gone up especially after the government b...

Private equity and venture capital investment into closely held companies routed through jurisdictions not mentioned will have to undergo s...

Investors laud clarity on tax incidence, say it stops arbitrary application

The Reserve Bank of India (RBI) administered Foreign Exchange Management Act (FEMA) accepts valuation by a Sebi-registered Category 1 merch...

The centre proposed the finance bill with amendment the angel tax provision or the section 56(2) (viib) of the income tax act in the budget...

Startups registered with the Department for Promotion of Industry and Internal Trade do not come under the purview, Anurag Jain, the secret...

A senior official said the government is examining the different valuation criteria prescribed under two separate laws which could lead to ...

The government has proposed to amend the so-called angel tax provision or the Section 56(2) (viib) of the income tax act in the budget. The...

Experts said to avoid the tax, startups might consider readjusting the jump in valuation and avoid a wild swing in pricing a round– especia...

The move follows finance minister Nirmala Sitharaman’s assurance in her budget speech that the CBDT will take steps to address issues faced...

Clauses of Section 56 of the I-T Act won’t apply to cos if they meet criteria laid down by DPIIT.

Despite the slowing down in growth rates, the industry has added about $24 billion revenue since FY 2016 and continues to be a net hirer.

Many angel investors have been served notice by income tax department, demanding tax on investments.

Startups in the recent past had flagged their grievances to the government regarding angel tax provision, which, they considered, was not f...

The move assumes significance as startups in the recent past had flagged their grievances to the government regarding 'angel tax' provision...