Angel Tax: Income Tax Dept Proposes To Exempt Sebi-Registered FPIs, Pension funds, SWFs
CBDT outlines the proposed changes in Rule 11UA or valuation rules, also lists out entities proposed to be exempted from the angel tax ambit
Source: news18.com
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SEBI-registered FPIs, SWFs among those exempted from angel tax
The Finance Act, 2023, had amended Section 56(2)(viib) of the I-T Act, bringing overseas investment in unlisted closely held companies, except DPIIT- recognised startups, under the angel tax net.
Source: yourstory.com
Angel tax rules likely to be released by the end of May
In the past, the angel tax was only applicable to resident investors. However, Budget 2023–24 introduced provisions to extend the angel tax to non-resident investors as of April 1, 2024.
Source: businesstoday.in
CBDT proposes to exempt Sebi-registered FPIs, SWFs from angel tax; outlines investment valuation rules
CBDT also listed out entities proposed to be exempted from the angel tax ambit.
Source: moneycontrol.com
Centre Proposes Changes To Tax On Angel Investors In Unlisted Entities
The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.
Source: ndtv.com