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9 hours ago · Firstly, I’m pleased to see the decade-old contentious issue of angel tax being completely scrapped. To provide some background, it was originally introduced in 2012 when Pranab Mukherjee, as ...
19 hours ago · The idea of the angel tax was first introduced in the 2012 Budget by then Finance Minister Pranab Mukherjee. The primary objective was to check money laundering practices through investments in ...
19 hours ago · However, Pranab Mukherjee who held charge of FinMin under the Manmohan Singh government, witnessed the steepest fall by Sensex to the tune of 6.14% in his July 2009 budget announcement. However ...
19 hours ago · It was introduced in 2012 by the Congress-led UPA government under then Finance Minister Pranab Mukherjee. The main point of introducing the tax was to prevent money laundering. In his Budget speech, Mukherjee said, “Taxation of unexplained money, credits, investments, expenditures, etc., at the highest rate of 30 percent irrespective of the ...
10 hours ago · Netizens React. After the criticism drawn towards abolishing the Angel Tax policy by P Chidambaram, People are thrashing Chidambaram for introducing the policy in first place during the UPA ...
19 hours ago · V. V. Giri. Varahagiri Venkata Giri ( pronunciation ⓘ; 10 August 1894 – 24 June 1980) was an Indian politician and activist who served as the fourth president of India from 24 August 1969 to 24 August 1974. He also served as the third vice president of India from 13 May 1967 to 3 May 1969. He was the first president to be elected as an ...
8 hours ago · The angel tax was first implemented in 2012 by Pranab Mukherjee, the finance minister at the time. It was imposed at a tax rate of about 31% (30.9%) on money raised by companies from angel investors when that money exceeded the company's fair market value. The initial purpose of the angel tax was to prevent money laundering.
