ChartAcc

.....Continued from previous post Angel Investor, who is?

Budget 2012 (India) proposes to tax;
amount of Investment;
in excess of fair value of Shares;
as "Income from other sources";
received by a Closely held company;
from Angel Investor .

Now following questions arise:

• Purpose of taxing such investments;
• Exceptions to type investments which will not be taxed;
• Method of measuring the Fair Market Value of shares.

which will be addressed in next post...