Thursday, April 25, 2024
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Central Board Of Direct Taxes

The Central Board of Direct Taxes said that the assessing officer would not verify any cases in which a DPIIT-recognised start-up was selected for examination under the Angel Tax provision

 While valuation professionals like merchant bankers and CAs might employ established methods to estimate a start-up's fair market value, they might not be able to predict the future with certainty

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