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Economy

Why Not Make It Easy For "Angels" To Invest In Start-Ups?

Aravind GaneshApr 10, 2015, 12:15 PM | Updated Feb 24, 2016, 04:31 PM IST







“It has been proposed in the Finance Bill that any consideration received by a closely held company in excess of the fair market value of its shares would be taxable. Considering the concerns raised by “angel” investors who invest in start-up companies, I propose to provide an enabling provision in the Income Tax Act for exemption to a notified class of investors.













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