Which entities are excluded from attracting angel tax as per the notification provided by the Finance Ministry?
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.
Depreciation is charged on __________ as per the ___________ of accounting.
Which type of operational risk event does tax evasion falls into Basel II?
Consider the following statements with respect to the dematerialisation of the alternative investment funds (AIFs) -
I.AIFs with a corpus of ov...
The Assets Liabilities committee (ALCO) in a bank is primarily responsible for managing which of the following risk?
Which of the following is/are correct regarding the liquidity ratios under BASEL-III accord defined by Basel Committee on Banking Supervision (BCBS)?
Which bank has become the first Public Sector Bank in India to introduce the facility of UPI payments to merchants through RuPay Credit Card?
Which of the following is not a part of the Tier 1 Capital of a bank?
What does first ‘P’ in the security instrument PNCPS, stand for?
Internal rate of return (IRR) is the ________ rate at which the net present value of the cash flows from a project is _______.
What is the purpose of ethical standards?
