Govt seeks advice on rules for valuing foreign funding in startups

The Income-Tax Department has invited comments from stakeholders and general public on draft rules for valuing non-resident investment in unlisted startups. As per a tweet by the department, the comments can be sent to ustpl2@nic.in, latest by June 5. This comes days after the government notified 21 countries from where non-resident investment in unlisted Indian startups won't attract Angel Tax.