Civil Services Punjab State Civil Services CCE 2025 General Knowledge Economy Initiatives by Government
Start-ups registered with the Department of Industrial Policy and Promotion of the Government of India are exempted from the payment of the "Angel Tax" with conditions. This tax refers to
1
Tax payable on capital raised by new listed start-up companies via issuance of shares where the share price is seen in excess of fair market value of shares sold.
2
The tax that start-up were supposed to pay if they receive a loan at a discounted rate of interest because of higher success ratio.
3
Tax payable on capital raised by unlisted companies via issuance of shares where the share price is seen in excess of fair market value of shares sold.
4
The tax that start-ups were supposed to pay when their annual income would cross the specified threshold as per their fair market valuation.