The Section 56 (II) (viib) of the Income Tax Act, known as angel tax, is applicable on any consideration of issue of shares that exceed the fair value of these shares issued by a privately-held company.
Latest articles
Startups
Japanese tech major Sharp looks for Indian partners to open display fab
Sharp, a Japanese company backed by Foxconn, has held discussions with major Indian players...
Funding
Aye Finance set to secure Rs 250 crore in a fresh round
Once the deal is closed, Aye Finance’s net worth would reach Rs 1,250 crore,...
Startups
Astrotalk rides online astrology boom to double FY24 revenue to Rs 651 crore
Demonstrating the growing popularity of online astrology, Astrotalk’s operating revenue more than doubled in...
Artificial Intelligence
India’s AI strides run into privacy law headwinds
Firms across sectors including IT, banking, and cloud storage are seeking legal guidance due...
More like this
Startups
Japanese tech major Sharp looks for Indian partners to open display fab
Sharp, a Japanese company backed by Foxconn, has held discussions with major Indian players...
Funding
Aye Finance set to secure Rs 250 crore in a fresh round
Once the deal is closed, Aye Finance’s net worth would reach Rs 1,250 crore,...
Startups
Astrotalk rides online astrology boom to double FY24 revenue to Rs 651 crore
Demonstrating the growing popularity of online astrology, Astrotalk’s operating revenue more than doubled in...