01 Oct 2026
India’s Angel Tax — Two Steps Back, One Step Forward
23 Jan 2024
23 Jan 2024
CBDT (Central Board of Direct Taxes) had specified the new angel tax valuation rules for the issue of equity and preference shares to residents and non-residents on 25th September 2023. S. Rohit Kumar, Counsel, and Himanshu S. Sinha, Head of Tax Practice at Trilegal, explore the nuanced implications of India’s revised angel tax valuation rules on investors, taxpayers, and the broader economic landscape.
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Deal: Trilegal advised CPPIB on its first direct equity investment in India’s hospitality sector, investing INR 30 billion (c. C$441 million) in Prestige Hospitality Ventures, the hospitality arm of the Prestige Group
Deal: Trilegal advised Runwal Enterprises on its IPO aggregating to ~INR 5,000 million
Deal: Trilegal advises Orient Cables India on its INR 5,520 million IPO
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