Get Started with ixamBee
Start learning 50% faster. Sign in now
The Finance Ministry has notified 21 countries, including the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax. The list, however, excludes investment from countries like Singapore, Netherlands and Mauritius. Excluded entities include those registered with SEBI as Category-I FPI, Endowment Funds, Pension Funds and broad-based pooled investment vehicles, which are residents of 21 specified nations, including the US, UK, Australia, Germany and Spain. The other nations mentioned in the notification are Austria, Canada, Czech Republic, Belgium, Denmark, Finland, Israel, Italy, Iceland, Japan, Korea, Russia, Norway, New Zealand and Sweden. Under the existing norms, only investments by domestic investors or residents in closely held companies were taxed over and above the fair market value. This was commonly referred to as an angel tax.
As per the provisions of the Maternity Benefit Act, 1961, the maximum period for which a female employee shall be entitled to leave with wages as mater...
Where was the 7th Indian Ocean Conference held?
Which of the following is NOT a conductor?
Which country became the 100th member of the International Solar Alliance (ISA)?
Which of the following river is not started from western India?
What are the two main forms of protection used to shield domestic industries from foreign competition in an inward- looking trade strategy?
What is the definition of fiscal deficit?
In which year was the Bombay Stock Exchange established?
In which country is the Nobel Peace Prize awarded?
Consider the following statements with reference to taxation in Budget 2020.
1. Dividend Distribution Tax (DDT) was abolished.
2. Tax...
