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What startups should do to deal with the Angel Tax shocker

Updated : January 01, 2019 01:13 AM IST

In recent months, several startups and angel investors have been served notices by the income tax department, demanding tax on investments.
A tax officer typically sees the valuation on which angel investors put money as higher than the fair market value and thereby issues a show-cause notice to levy a tax on the said excess value.
New-age entrepreneurs are trapped unknowingly and are struggling to deal with such notices, with little cash flow.
What startups should do to deal with the Angel Tax shocker

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