CLAT CLAT Solved Paper-2019

  • question_answer
    Recently, the Government of India relaxed the Angel Tax Norms for Start-ups and enhanced the investment limit to

    A) ` 25 Crore      

    B)        ` 20 Crore

    C) ` 15 Crore      

    D)        ` 30 Crore

    Correct Answer: A

    Solution :

    Sol.      [a] The government has allowed start-ups that have raised capital up to Rs. 25 crore to claim tax benefits, as against Rs. 10 crore earlier. Exemptions have been allowed for investments by non-resident Indians and Alternative Investment Funds (AlFs) as well as for the infusion of capital into start-ups in the form of equity stake in a listed company.


You need to login to perform this action.
You will be redirected in 3 sec spinner