Decoding the valuation rules for angel tax on startups

With little clarity on how valuations would be conducted, the Angel tax introduced by the Finance Act of 2023 seems to be a case of putting the cart before the horse. The move seeks to impose additional taxes on companies receiving consideration from non-resident investors/shareholders, surpassing the fair market value of unlisted shares.

Please refer to the below document to read the full article by Raj Ramachandran, published in Mint.


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