All about Angel Taxation in India

CA Aman Rajput , Last updated: 09 May 2024  
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Angel Tax which is governed by Section 56(2)(viib), was introduced in the Income Tax Act from the Assessment Year 2013-14 via finance bill, 2012 as a step to take up the circulation of unaccounted money in the name of share premiums which were received by private companies or closely held companies.

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Published by

CA Aman Rajput
(Chartered Accountant)
Category Income Tax   Report

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