Understanding Angel Tax and how startups can claim exemption under Section 56(2)(viib) of Income Tax Act.
Angel Tax is tax on premium received on issue of shares exceeding fair market value.
Eligible startups can save significant tax on angel investments.
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We have taken utmost care to research and write this article for your information. However, tax laws are complex and subject to frequent changes. This article is for general guidance only and should not be considered professional advice. Individual circumstances vary significantly — what works for one person may not apply to another.
Before making any tax-related decisions, we strongly recommend consulting with a qualified Chartered Accountant or tax professional who can assess your specific situation. We do not accept any liability for decisions made based on this information.
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