income tax act

The Central Board of Direct Taxes (CBDT) on Friday widened the valuation methods under the angel tax provision on investment by foreign investors in start-ups to bring clarity and end tax disputes. Further, it exempted…

India may accept the valuation criterion followed under the foreign exchange management law for the so-called angel tax on investments by overseas investors in startups, to provide clarity and end tax disputes.The Reserve Bank of India…

Government-recognised startups would not be impacted by the proposed changes in the income tax laws with regard to issuance of shares to foreign entities or overseas angel investors, a top government official said on Thursday. However,…

In a major breather for the online gaming industry, the government has introduced two new sections and amended one section in the Income Tax Act to separate online gaming platforms from betting and gambling activities.Experts believe that…