How angel taxation continues to fail business Asia Angel tax epitomizes just how unintended outcomes can be undo the very best of purposes. Point 56(2)(viib) of income tax code fees the difference between the problem speed off unlisted bonds and its fair market price (FMV), and that should be determined by a provider banker sometimes having fun with book value otherwise deal income strategy. Produced inside 2012 since a great scale to get rid of generation and you can movement regarding unaccounted currency», it emerged due to a favorite political leader’s providers acquiring unaccounted show advanced regarding ? 277 crore. Due to the fact 2016, so it point has been aggressively misapplied to help you Indian startup’s raising loans off buyers. It had been called angel taxation as it used priily organizations just who dedicated to startups. Regardless of the name, it absolutely was applied on startups and not the fresh trader. Brand new perception is actually limited generally to […]