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GST Munshi Startup Advisory & Corporate Finance Desk

GST Munshi Startup Advisory & Corporate Finance Desk is a specialized editorial research unit at GST Munshi comprising Chartered Accountants, tax litigators, commercial bankers, and policy analysts dedicated to verifying Indian statutory circulars (CBIC, CBDT, RBI, IRDAI, and Ministry Gazettes) into actionable guides.

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Angel Tax Abolition: Section 56(2)(viib) Repeal, Rule 11UA & Startup Funding Guide — Income Tax & Corporate Compliance

GST & Tax

Income Tax & Corporate Compliance•Section 56(2)(viib) Abolition Manual

Angel Tax Abolition: Section 56(2)(viib) Repeal, Rule 11UA & Startup Funding Guide

GST Munshi Startup Advisory & Corporate Finance Desk-Jul 31, 2026•18 min read

Comprehensive statutory guide to the historic abolition of Angel Tax under Section 56(2)(viib) of the Income Tax Act, 1961 by Finance (No. 2) Act, 2024. Understand the elimination of Fair Market Value (FMV) scrutiny on share premium, the role of Rule 11UA, benefits for domestic and foreign venture capital investments, and pending assessment resolutions.

#Income Tax #Stock Market & Investing #Artificial Intelligence

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