Monday, February 18, 2019

Angel tax: New startups may look to register overseas

The threat of foreign incorporation comes even as the rechristened DPIIT (department for promotion of industry and internal trade) and CBDT are expected to finalise measures this week to resolve the tax issue. At least 120 startups have got orders to make tax payments on the valuation premium in the investment received for expanding their business.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2BEcqXS

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