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Angel Tax Explained & Its Impact on Startups

Angel Tax Explained - This video explains the concept of Angel Tax on Startups. Click Subscribe! Buy Guide to Finance Act : http://bit.ly/2JM6AKF Buy New laws relating to taxation of start ups: http://bit.ly/2JOJoLQ This video is divided into four parts: Part 1: - What is a start-up and where India stands in the growth of start-ups? Startups are the young ventures that is just beginning to develop. Startups are usually small and initially financed and operated by a handful of founders. Govt. has encouraged startups by implementing programs like make in India and Startup India but the introduction of Angel tax has threatened to undo all hard work by Govt. Part 2: - what is angel tax and understanding the levy of such tax? Angel tax was introduced in 2012 union budget by then finance minister Mr. Pranab Mukherjee. Angel tax is a Term used for Income tax levied on amount recd. Exceeding the fair market value of the share of a company. Three conditions are to be satisfied to invoke the provisions of angel tax: 1. Shares to be issued by closely held companies 2. Investors shall be resident in India 3. Amount received shall exceed the face value as well as the fair market value of the share of the company Part 3: Exemptions from such levy: Angel tax has proved to create hardships for a lot of small start-ups and addressing the concerns raised by the entrepreneurs, the DPIIT has issued a line of notifications over the period. Part 4: Compliance to claim exemption: 1. Form 2 is to be filed 2. It is a self-declaration form 3. Submitted to DPIIT(department of production industry and internal trade) 4. Then DPIIT forwards it to the CBDT. Click here to read more: http://bit.ly/2JOKUh0 _______________ #Angeltax #Angeltaxexplained #Angeltaxonstartups