Angel Tax Under Section 56(2)(viib): What It Was and Why It Still Matters
Section 56(2)(viib) no longer applies to new funding rounds, but understanding what it taxed, and why it caused a decade of startup funding friction, still matters.
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Section 56(2)(viib) no longer applies to new funding rounds, but understanding what it taxed, and why it caused a decade of startup funding friction, still matters.
DPIIT recognition alone does not exempt any tax. Here is what Section 80-IAC actually requires, and the eligibility mistakes that quietly disqualify startups.