Startups

Delhi High Court ruling on angel tax may give startups some relief

Read more at m.economictimes.com

Mumbai: In a ruling that could protect startups from taxmen questioning their valuations and slapping angel tax on alleged ‘premium’, the Delhi High Court said if a proper methodology is followed while valuing a company during valuation rounds, it shouldn’t be challenged later.

Ruling on a case between Cinestaan Entertainment and the Income Tax Department, the Delhi High Court observed that the tax department simply rejected the valuation of

Read more at m.economictimes.com

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