Advertisement Remove all ads
Advertisement Remove all ads
MCQ
Recently, the Government of India relaxed the Angel Tax Norms for Start-ups and enhanced the investment limit to:
Options
Rs. 25 Crore
Rs. 20 Crore
Rs. 15 Crore
Rs. 30 Crore
Advertisement Remove all ads
Solution
Rs. 25 Crore
Explanation:
The angel tax was introduced in the 2012-13 Budget. It is levied on start-ups that have received equity infusion in excess of the fair valuation, with the premium being paid by investors as their income. As per the recent turnover criteria of the Govt., a firm can be a startup even if its turnover for any of the financial years since its incorporation hasn’t exceeded ₹100 crores instead of the existing cap of ₹ 25 crores.
Concept: Economic Current Affair (Entrance Exam)
Is there an error in this question or solution?
Advertisement Remove all ads
APPEARS IN
Advertisement Remove all ads