The government announced revised Angel Tax regulations, preserving the five valuation methods from the draft rules. They introduced a mechanism for determining the fair market value of Compulsorily Convertible Preference Shares (CCPS) for both resident and non-resident investors. The rules, effective from September 25, also allow for minor valuation discrepancies, aiming to minimize inconvenience for investors.
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Amit Agarwal , Nangia Co , Angel Tax , Compulsorily Convertible Preference Shares , Indian Income Tax Act , New Angel Tax Rules , Angel Tax India , Evaluation , Sccps ,
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