Discover and read the best of Twitter Threads about #AngelTax
Most recents (6)
Well,
CA Se Door Raho -
CA Ko Nikal Do -
But this is how me as a CA as well as other CA/CS around me have added value to #Startups and #Angel #Investment
#SharkTankIndia #startupindia #SharkTank ( 1/n )
@namitathapar @amangupta0303 @Ashneer_Grover @peyushbansal @vineetasng
CA Se Door Raho -
CA Ko Nikal Do -
But this is how me as a CA as well as other CA/CS around me have added value to #Startups and #Angel #Investment
#SharkTankIndia #startupindia #SharkTank ( 1/n )
@namitathapar @amangupta0303 @Ashneer_Grover @peyushbansal @vineetasng
Angel Investors commit to invest in Startups without having any knowledge that there is a deemed "Angel tax" on premium paid on equity u/s 56(2)(viib)
I have saved 200 Cr+ on tax on such hasty decisions taken by #Investors by applying for #Angeltax exemption #startupindia
(2/n)
I have saved 200 Cr+ on tax on such hasty decisions taken by #Investors by applying for #Angeltax exemption #startupindia
(2/n)
The Deal by #Sharks is followed by Term Sheet and Share Holders Agreement
As a CA/CS our role is to educate the #Startup #Founder about the clauses like Buy Back, Drag along , Anti-Dilution and Liquidation preference
#SharkTankIndia #SharkTankIndiaOnSonyTV
As a CA/CS our role is to educate the #Startup #Founder about the clauses like Buy Back, Drag along , Anti-Dilution and Liquidation preference
#SharkTankIndia #SharkTankIndiaOnSonyTV
Would like to present my e-Book on Angel Tax which shall be a helpful guide when someone invests in Indian Startups
@amitabhk87 @telljeeves
@ianetwork @dkhare
@harshmadhusudan @BlumeVentures
Perils of Angel Tax and its effect on Startup Ecosystem bit.ly/2CWfh1W
@amitabhk87 @telljeeves
@ianetwork @dkhare
@harshmadhusudan @BlumeVentures
Perils of Angel Tax and its effect on Startup Ecosystem bit.ly/2CWfh1W
@rchowdhri @avnish
@sajithpai @subtletea @skirani @TVMohandasPai @GonzagaCapital @FasterCapital @BKartRed @Sujeet_fk @Jetty_Ventures @arpiit @InventusIndia @GembaCapital @Adithpodhar @mehtasanjay @pratikpoddar @NexusVP
@sajithpai @subtletea @skirani @TVMohandasPai @GonzagaCapital @FasterCapital @BKartRed @Sujeet_fk @Jetty_Ventures @arpiit @InventusIndia @GembaCapital @Adithpodhar @mehtasanjay @pratikpoddar @NexusVP
The Common modus operandi between a Shell Company ( used to convert black money into accounted ) and Angels/VCs genuinely investing into Pvt Ltd is that both are issued shares are a premium. The Govt cannot differentiate the good from the bad, and so the birth of "Angel tax"
Let's go local: The RBI owns 35 lakh crore worth of US govt bonds. They own just 10 lakh cr. of Indian govt bonds. Our own central bank won't go local?
Let's go local: Our RBI's gold isn't even located in India, mostly. Even Germany and Russia have repatriated their gold over years. Why can't we go local with our central bank's gold?
Let's go local: We barely buy any defense equipment from Indian manufacturers. Give them subsidies to build more here, create jobs and ensure security.
@narendramodi @PMOIndia I am a digital entrepreneur who for last 2 years has been struggling with #AngelTax. Even after CBDT exemption cases r not getting disposed favorably by CIT(A).
I believe only u can now help the startups. I am requesting a meeting to hear & help us. DAY-1
I believe only u can now help the startups. I am requesting a meeting to hear & help us. DAY-1
Our companies are slapped with tax+ penalties where investment is treated as income purely on AO's discretion on valuation. CITs rejecting appeals after CBDT exemptions. We need help otherwise India will miss the startup bus. PLease help - @narendramodi @PMOIndia : DAY-2
Our TDS returns r getting adjusted against the outstanding demand even when the appeal is in progress. How do we focus on our business while our energy is getting sapped running pillar to post bcos of unjust #AngelTax Pls help @narendramodi @PMOIndia DAY-3
Definition of #Startups has been widened. An entity shall be considered a Startup upto 10 years from its date of incorporation/registration instead of the existing period of 7 years.
#AngelTax @DIPPGOI
#AngelTax @DIPPGOI
1/ Most people have been watching in shock as the story of dreaded #AngelTax reared it's disgusting head. Freezing the accounts of startup @Travelkhana and @babygogo_in has resulted in an uproar across India's startup community, calling for #ShutdownIndia
2/ Though the Central Board of Direct Taxation (CBDT) has released a circular claiming that the officer in charge of this particular case did everything by the book. Founder of @Travelkhana, @pushpinder has disputed the story, claiming the officer rushed the case through.
3/ Regardless whether the case was rushed through or not, is almost irrelevant because in any logical, normal universe, the case shouldn't exist at all. Period!
