Copying and distributing are prohibited without permission of the publisher

India’s angel tax

10 July 2019

Contributed

Generally, income taxes are not levied at the same time as the investment transaction in the share capital of any company because this amounts to the allotment of new shares. However, writes Anand Jaiswal of Infosys, this route of investment has been misused by many to dump huge funds in otherwise less valued companies for various reasons, including round-tripping and money laundering.



The article you are trying to view is locked content, available only to subscribers and current trialists.





International Correspondents