📝 Multiple Choice Question
Economics
Section 56 (2) (vii B) in the Income Tax Act is referred to as:
A
Normal Investments
B
Angel Fund
C
Normal Taxing
D
Angel Tax
Explanation
Colloquially known as the "Angel Tax," Section 56(2)(viib) levies a tax on closely held companies when they issue shares to resident investors at a price exceeding fair market value.
Report Issue
Discussion (0 Comments)
Leave a Comment
No comments yet. Be the first to comment!
📌 Related Questions
The Office of the Registrar General and Census Commissioner comes unde...
Solve →Who is widely regarded as the 'Father of Modern Economics' and authore...
Solve →With progressive delicensing of industries as part of liberalisation, ...
Solve →The objective of NIP is to provide equitable access to infrastructure ...
Solve →Which neighboring country of India experienced a severe economic and s...
Solve →