Exactly how angel income tax will continue to falter business India
Angel income tax epitomizes how unintended outcomes can also be undo the very best of motives. Section 56(2)(viib) of the tax password fees the difference between the situation price regarding unlisted ties and its own fair market value (FMV), and this must be influenced by a provider banker either having fun with guide well worth or discount earnings means. Lead from inside the 2012 because the a beneficial measure to avoid age bracket and circulation regarding unaccounted currency”, it emerged on account of popular political leader’s providers finding unaccounted share advanced from ? 277 crore. (more…)