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I-T notifies 'Angel Tax' rules for valuing investments in startups
September 27, 2023
|The Business Guardian
The Income Tax department has notified rules for valuation of equity and compulsorily convertible preferable shares issued by startups to resident and non-resident investors.
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As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares.
هذه القصة من طبعة September 27, 2023 من The Business Guardian.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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المزيد من القصص من The Business Guardian
The Business Guardian
ASSOCHAM and ICCC sign MoU to strengthen India-Canada business collaboration
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the Indo Canada Chamber of Commerce (ICCC) entered a Memorandum of Understanding (MoU) on Monday.
1 mins
March 11, 2026
The Business Guardian
Income Tax Department finds Rs 408 crore sales suppression in nationwide F&B sector verification exercise
The Income Tax Department's nationwide verification exercise on restaurants regarding turnovers has revealed a suppression of sales amounting to approximately Rs 408 crore.
1 mins
March 11, 2026
The Business Guardian
A 3RD INDIAN CRICKET WORLD CUP (T20) WIN MEANS SO MUCH: A FITTING REPLY FROM INDIAN COACH GAUTAM GAMBHIR
A stadium of more than one lakh spectators, a nation watching and history within touching distance.
5 mins
March 11, 2026
The Business Guardian
EARLY DETECTION MATTERS: WHY MAMMOGRAPHY AFTER 40 IS CRUCIAL FOR WOMEN
Breast cancer remains one of the most commonly diagnosed cancers among women worldwide, and India has also seen a noticeable rise in cases over the past few years.
3 mins
March 11, 2026
The Business Guardian
Sacred offerings plundered in Tirumala under Chandrababu Rule: Bhumana
YSRCP State spokesperson and former TTD Chairman Bhumana Karunakar Reddy strongly criticised that sacred offerings made by devotees to Lord Venkateswara are being systematically looted under the Chandrababu Naidu government.
1 mins
March 11, 2026
The Business Guardian
Petroleum Ministry orders higher LPG production for domestic
The Ministry of Petroleum and Natural Gas issued orders to oil refineries to increase Liquefied Petroleum Gas (LPG) production and directed that such additional output be channelled specifically for domestic use.
2 mins
March 11, 2026
The Business Guardian
IDFC FIRST Bank completes reconciliation of all relevant accounts in Chandigarh Branch claims; Paid net principal amount of Rs 645 crore
IDFC FIRST Bank announced on Tuesday that it has paid a net principal amount of Rs 645 crore to settle claims arising from an incident at a single branch in Chandigarh.
1 min
March 11, 2026
The Business Guardian
MIDDLE EAST CONFLICT COULD DENT INDIA'S GDP AND PUSH OIL TO $110: REPORT
A new financial report from Emkay Wealth Management warns that the escalating Middle East conflict is creating significant economic pressure on India through rising energy costs and market volatility.
2 mins
March 11, 2026
The Business Guardian
Two cousins found dead inside car; police suspect suffocation
Two cousins were found dead inside a parked car in Delhi's Narela Industrial Area, with preliminary inquiry suggesting that they may have died due to suffocation, police said on Tuesday.
1 min
March 11, 2026
The Business Guardian
Traffic curbs on north Delhi's Rajpur Road till March 25
Traffic movement will remain affected on several roads in the Civil Lines area of north Delhi from March 10 to March 25 due to sewer line laying work, the Delhi Traffic Police said on Tuesday.
1 min
March 11, 2026
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