THE NEW VALUATION methods proposed by the income tax department for computation of fair market value (FMV) for angel tax is expected to provide flexibility to investors. Experts, however, said implementation would be the key to these measures as valuation can often be subjective and called for some more leeway for investments into domestic startups through compulsorily convertible preference shares (CCPS).
The Central Board of Direct Taxes (CBDT) had on May 26 invited comments on the draft rules relating to the method of computation of FMV of unquoted equity shares for the purpose of angel tax. It has sought comments from the public by June 5.
According to the draft notification, the book value or net asset value method and valuation by a merchant banker using the discounted free cash flow (DCF) method can be used for resident as well as non-resident investors.
It has also proposed two more methods for both resident and non-resident investors including valuation at which a venture capital fund and specified fund has invested in a venture capital undertaking as well as valuation at which a specified entity has invested in the company.
Diese Geschichte stammt aus der May 28, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der May 28, 2023-Ausgabe von Financial Express Mumbai.
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