Inability to Carry Forward Losses Will Hurt Startups
A performer rolls around on stage in a giant hoop during the closing ceremony of the 2006 Winter Olympic Games. (Photographer: Adam Berry/Bloomberg News)

Inability to Carry Forward Losses Will Hurt Startups

Over the last few years, section 56 of the income tax law has almost become synonymous with angel tax. Issuance of shares to an Indian resident at a price in excess of the fair market value of the ...
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