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.
This story is from the July 06, 2024 edition of The New Indian Express.
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This story is from the July 06, 2024 edition of The New Indian Express.
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