Angel Tax in India — Demystified and Explained

Siddarth Mohan Pai
Jan 11, 2018 · 7 min read
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Context

Analysis of Section 56(2)(viib)

1. Lack of Enforcement of the Law:

2. Discretionary powers of the IT Officer:

3. Projections vs Perfection

4. Present Tense, Future Uncertain

The Added Dread of Section 68

Remedies Already Enforced

Recommendations

Conclusion

3one4 Capital

Transformative Capital to help you #RaiseTheBar

Siddarth Mohan Pai

Written by

Founding Partner @3one4Capital. Expert Council Member at iSpirt @Product_Nation. #RaiseTheBar

3one4 Capital

3one4 Capital is an early-stage venture capital fund based in Bangalore, India. Our investments include Licious, Betterplace, DarwinBox, Open, Pocket Aces, Jupiter, Yourstory, Faircent, and Tracxn.

Siddarth Mohan Pai

Written by

Founding Partner @3one4Capital. Expert Council Member at iSpirt @Product_Nation. #RaiseTheBar

3one4 Capital

3one4 Capital is an early-stage venture capital fund based in Bangalore, India. Our investments include Licious, Betterplace, DarwinBox, Open, Pocket Aces, Jupiter, Yourstory, Faircent, and Tracxn.

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