defence exam Indian Navy Fireman/Fire Engine Driver Mock Test 2024 Current Affairs Business and Economy
Consider the following statements regarding Angel Tax:
1. Angel Tax refers to a tax imposed on the premium amount that start-ups receive over the fair market value of their shares from investors.
2. The imposition of Angel Tax on foreign investments in start-ups has been recently annulled.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2