The Angel tax was introduced by then finance minister Pranab Mukherjee in the 2012 Union Budget to arrest laundering of funds.
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Income Tax-exemption for Start-up under Sec.80 IAC Income Tax Act
A new domestic company incorporated on or after 1st October 2019 making fresh investment in manufacturing, will have an option to pay income-tax at the rate of 15%. An existing domestic company has an option to pay income-tax at the rate of 22% subje..
Dividend distributed by an Indian Company is exempt from income tax in the hand of shareholder subject to certain limits. Dividends paid by an Indian company are subject to Dividend Distribution Tax (DDT) to be paid by the company that distributes di..