Angel tax epitomizes just how unintended outcomes can undo the best of motives. Part 56(2)(viib) of your own tax code taxation the essential difference between the challenge rate off unlisted bonds and its reasonable market price (FMV), hence needs to be influenced by a vendor banker both using guide value or discount earnings strategy. Delivered into the 2012 given that a level to end generation and you may flow from unaccounted money”, it arose due to popular political leader’s business choosing unaccounted display advanced out-of ? 277 crore. Continue reading “Exactly how angel taxation continues to falter business Asia”
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