The Central Board of Direct Taxes' (CBDT) new rules on angel tax --taxation of share premium received by unlisted companies-- does not cover private, non-banking entities such as portfolio investors from countries like Singapore, Mauritius and the Netherlands, showed an official notification.
As a result, these classes of investors from these popular jurisdictions will not get exemption from the controversial provision in Indian tax law introduced as an anti-evasion measure.
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Denne historien er fra May 26, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Quick Edit: The market's green role
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