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Govt seeks advice on rules for valuing foreign funding in startups
short by Ananya Goyal / on Saturday, 27 May, 2023
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.
read more at Outlook India