In the 2G scam, prosecutors allege that the mode in which a former telecom minister received bribes, was by having the briber purchase shares in a company owned by the said minister’s brother at an exaggerated price that had little to nothing to do with the actual valuation of the company[1]. It was to preventRead more
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Angel tax has been a cause of concern in the startup and angel investor community since 2012. It is a tax levied on investments in startups by treating the investment, or a part of the investment, as taxable income under the Income Tax Act, 1961. Following is a timeline of the important developments in relationRead more