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Tax Talks | Here's why angel tax going to be a game changer for inbound investments
Published on: Wednesday 12 July 2023
Angel tax is charged as ‘Income from Other Sources’ in the hands of issuing company when it issues shares at a price that exceeds the ‘fair market value’ of shares issued. Effective April 1, 2023, such issuance to foreign investors will also attract this angel tax. Thus, it will be a game changer for inbound investments in India.
News source: https://www.cnbctv18.com/views/why-angel-tax-will-be-a-game-changer-for-inbound-investments-17205051.htm
