Angel Tax, the demon that haunts startups
The Morning Brief
00:00
How to Determine a Start-Up's Valuation
Siddharth: Courts have generally defended the position of the tax payer and their freedom to choose which valuation method to adopt. Tax department can look behind what's happening in the valuation report so long as it's done on a scientific basis, he says. Siddharth cites a few examples including Oyo getting relief from over 1000 crore rupees tax demand for an investment that was made by the holding company into the subsidiary.
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