CBDT Proposes Changes To Rule 11UA In Respect Of Angel Tax, Notifies Excluded Entities
1 year, 6 months ago

CBDT Proposes Changes To Rule 11UA In Respect Of Angel Tax, Notifies Excluded Entities

Live Law  

The Central Board of Direct Taxes has proposed the changes to Rule 11UA in respect of Angel Tax and has also notified the excluded entities.In the Finance Act, 2023, an amendment has been introduced to bring the consideration received from non-residents for the issue of shares within the ambit of Section 56 of the Income-tax Act, 1961. The Central Board of Direct Taxes has proposed the changes to Rule 11UA in respect of Angel Tax and has also notified the excluded entities. In the Finance Act, 2023, an amendment has been introduced to bring the consideration received from non-residents for the issue of shares within the ambit of Section 56 of the Income-tax Act, 1961. Rule 11UA currently prescribes two valuation methods with respect to the valuation of shares, namely, the discounted cash flow and net asset value methods for resident investors.

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Govt notifies final valuation rules for angel tax on foreign investments
1 year, 2 months ago

Govt notifies final valuation rules for angel tax on foreign investments

Live Mint  

New Delhi: The finance ministry has brought out final valuation rules applicable to foreign investments into unlisted shares in India to determine whether it entails a premium that is liable to any levy under angel tax provisions. The final rules notified by the ministry late on Monday seek to provide clarity to investors and give a set of valuation methods …

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