CBDT (Central Board of Direct Taxes) had specified the new angel tax valuation rules for the issue of equity and preference shares to residents and non-residents on 25th September 2023. S. Rohit Kumar, Counsel, and Himanshu S. Sinha, Head of Tax Practice at Trilegal, explore the nuanced implications of India’s revised angel tax valuation rules on investors, taxpayers, and the broader economic landscape.
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