Angel taxation epitomizes just how unintended effects can undo the very best of aim. Point 56(2)(viib) of one’s tax password taxes the difference between the issue rate off unlisted bonds as well as fair market value (FMV), which must be dependent on a supplier banker often having fun with publication value otherwise discount earnings method. Put inside the 2012 once the an excellent measure to quit age bracket and you will circulation off unaccounted currency“, they emerged because of popular governmental leader’s company getting unaccounted show premium away from ? 277 crore.
As 2016, which point could have been aggressively misapplied so you’re able to Indian startup’s elevating fund away from investors. Continue reading „Just how angel taxation will continue to falter startup Asia“