Budget '12 - How Angel Investments (AI) will be taxed?
Friday, May 4, 2012
.....Continued from previous post Angel Investor, who is?
Budget 2012 (India) proposes to tax;
amount of Investment;
in excess of fair value of Shares;
as "Income from other sources";
received by a Closely held company;
from Angel Investor .
Now following questions arise:
Budget 2012 (India) proposes to tax;
amount of Investment;
in excess of fair value of Shares;
as "Income from other sources";
received by a Closely held company;
from Angel Investor .
Now following questions arise:
- Purpose of taxing such investments;
- Exceptions to type investments which will not be taxed;
- Method of measuring the Fair Market Value of shares.
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