Angel Tax

A tax levied under section 56(2)(viib) of the Income-tax Act, 1961 on closely held companies issuing shares at a premium exceeding prescribed fair market value parameters.

Source: Venture Capital in India: A Critical Analysis of the Legal and Regulatory Framework (Academic research) · p.7

Reports that mention Angel Tax

The Need to Remove Angel Tax3one4 Capital

Have a question about Angel Tax? Ask the AI, answers cite the source.