Govt unlikely to do away with angel tax, say experts
The Morning Standard|July 06, 2024
EVEN though the Department for Promotion of Industries and Internal Trade (DPIIT) has recommended the finance ministry to remove angel tax, it is unlikely that the government may pay attention to such recommendations.
DIPAK MONDAL
Govt unlikely to do away with angel tax, say experts

The DPIIT Secretary in a press briefing on Thursday said his department has recommended removal of Angel Tax to finance ministry and that it had done so in the past as well. "Ultimately, the decision has to be taken by the ministry," he told reporters on Thursday.

However, tax experts are of the view that the government is unlikely to remove angel tax, which is levied on unlisted companies raising capital through issue of shares.

この記事は The Morning Standard の July 06, 2024 版に掲載されています。

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この記事は The Morning Standard の July 06, 2024 版に掲載されています。

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