Team Blitz India
NEW DELHI: The Income Tax department has notified new angel tax rules that comprise a mechanism to evaluate the shares issued by unlisted startups to investors. Keeping in line with the commitment of the Government to involve stakeholders in the drafting of the law, suggestions and feedback were invited from stakeholders and general public on the Draft Rule 11UA for valuation of methods for calculating the Fair Market price vide press release dated May 19.
