https://www.taxtmi.com/news?id=21487 Angel tax exemption covers amounts received by a company for issue of shares exceeding face value from resident investors when the company fulfils DPIIT notification conditions; CBDT has notified that such consideration will not be treated under the specified income provision for qualifying companies. DPIIT processes applications and forwards eligible declarations to the tax authority, and the revenue department advised against coercive recovery where additions arose after valuation revisions. en-us Wed, 26 Jun 2019 16:25:07 +0530 Wed, 26 Jun 2019 16:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21487 Angel tax exemption covers amounts received by a company for issue of shares exceeding face value from resident investors when the company fulfils DPIIT notification conditions; CBDT has notified that such consideration will not be treated under the specified income provision for qualifying companies. DPIIT processes applications and forwards eligible declarations to the tax authority, and the revenue department advised against coercive recovery where additions arose after valuation revisions. News - Wed, 26 Jun 2019 16:25:07 +0530 https://www.taxtmi.com/news?id=21487