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I-T notifies 'Angel Tax' rules for valuing investments in startups | Business News

As per the changes in Rule 11UA of I-T rules, which comes into effect from September 25, the CBDT provides that the valuation of compulsorily convertible preference shares (CCPS) can also be based on the fair market value of unquoted equity shares. ....

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I-T notifies 'Angel Tax' rules for valuing investments in startups

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. ....

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