DMPQ:What is Angel Tax? Discuss the controversy associated with angel tax in India?

Angel tax is a term used to refer to the income tax payable on capital raised by unlisted companies via issue of shares where the share price is seen in excess of the fair market value of the shares sold. The excess realisation is treated as income and taxed accordingly. The tax was introduced in … Read more DMPQ:What is Angel Tax? Discuss the controversy associated with angel tax in India?