https://www.taxtmi.com/news?id=26535 Amendment extends the angel tax to non-resident consideration exceeding FMV under section 56(2)(viib). Proposed revisions to Rule 11UA broaden accepted valuation methods for non-resident transactions, permit price matching for notified non-resident investors and qualifying funds, accept merchant banker reports dated within a prescribed period, and provide a safe-harbour variation to address round-to-round economic fluctuations. A class-based exclusion is proposed for specified sovereign, regulated financial, institutional and pooled investment investors, and DPIIT-recognised start-ups are proposed to be exempt under a modified notification. en-us Sat, 20 May 2023 09:31:40 +0530 Sat, 20 May 2023 09:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26535 Amendment extends the angel tax to non-resident consideration exceeding FMV under section 56(2)(viib). Proposed revisions to Rule 11UA broaden accepted valuation methods for non-resident transactions, permit price matching for notified non-resident investors and qualifying funds, accept merchant banker reports dated within a prescribed period, and provide a safe-harbour variation to address round-to-round economic fluctuations. A class-based exclusion is proposed for specified sovereign, regulated financial, institutional and pooled investment investors, and DPIIT-recognised start-ups are proposed to be exempt under a modified notification. News - Sat, 20 May 2023 09:31:40 +0530 https://www.taxtmi.com/news?id=26535