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
Information Tech (IT)
Cognizant CMO quits, Thea Hayden to take interim position
Thea Hayden, senior vice president of Global Marketing, a 25-year marketing veteran and seasoned...
Information Tech (IT)
While doubling India headcount, Salesforce also gave 65,000 internships: Arundhati Bhattacharya
Bhattacharya said, “We have an MOU (memorandum of understanding) with AICTE for providing 200,000...
Startups
ET Soonicorns Summit 2024: Soonicorns-only roundtables with insider information
The ET Soonicorns Summit 2024 kicks off in Bengaluru on September 20, 2024. In...
Information Tech (IT)
Infosys to invest Rs 17 crore in IIT M-incubated spacetech startup GalaxEye
The cash investment will involve Infosys picking up a minority stake, less than 20%,...
More like this
Information Tech (IT)
Cognizant CMO quits, Thea Hayden to take interim position
Thea Hayden, senior vice president of Global Marketing, a 25-year marketing veteran and seasoned...
Information Tech (IT)
While doubling India headcount, Salesforce also gave 65,000 internships: Arundhati Bhattacharya
Bhattacharya said, “We have an MOU (memorandum of understanding) with AICTE for providing 200,000...
Startups
ET Soonicorns Summit 2024: Soonicorns-only roundtables with insider information
The ET Soonicorns Summit 2024 kicks off in Bengaluru on September 20, 2024. In...