Implementation of Business Reforms
- New Angel Tax Rules: The Centre notified new rules pertaining to angel tax which will exempt registered start-ups of a specified size from the tax and any scrutiny to do with its applicability. Angel tax is applicable to unlisted companies that have raised capital through sale of shares at a value above their fair market value. This excess capital is treated as income and taxed accordingly. This move would help in avoiding potentially significant tax challenges faced by start-ups and allow them to focus on their core activities.
- RBI Simplifies Overseas Borrowing Norms: In an attempt to go one step ahead ....
