DPIIT working on definition of accredited investors to boost investments in startups
Updated : March 31, 2019 01:38 PM IST
Currently, the government allows startups to avail full angel tax concession on investments up to Rs 25 crore.
Section 56(2)(viib) of Income Tax Act provides that the amount raised by a startup in excess of its fair market value would be deemed as income from other sources and would be taxed at 30 percent.
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