Monday, May 29, 2023
Outlook India
Outlook Business

Angel Tax

Questions arise why countries like Singapore, Mauritius and the United Arab Emirates, which account for a majority of inbound foreign direct investment, are missing from CBDT’s notification

The list, however, excludes investment from countries like Singapore, Netherlands and Mauritius

The inclusion of five new valuation methods will give stakeholders much-needed flexibility during the funding process

The proposed changes in angel tax policies could result in global investors pressuring start-up founders to move their company headquarters overseas, which is unlikely to benefit any stakeholder in the contemporary ecosystem