1.ऐंजिल ढल हिकु ढल आहे ऐंजिलनि ते (या सेडहिंदईनि ते)
ख्यालु
Angel Tax is an invented term. There is no legal definition for it. It has come to mean a tax on the Startup for raising funds at a valuation greater than the Fair Market Value thereby counting it as income(rather than investment). This is covered under section 56 of the Income Tax Act, 1961.
2.ऐंजील ढल हिक ढल आहे नफे ते
ख्यालु
Angel Tax is levied on the investment received from Angel Investors. The profitability of the startup is not related to this. In case the startup is making losses, or if the entire amount would be towards cash burn, then this amount can anyway be set-off and no tax is payable in those cases.
3.ऐंजिल ढल मंझसि आहे सेडहपकंदडनि जी पुछा-गाछा
अधिको वहमु
आमदनी ढल दफतर सवाल पुछिंदो आहे सरमाऐ जी मुंढ बाबत इन जी पक करण लाई त जिअं का बि मनीलांडरिंग नाहे थिऐ. हिउ आमदनी ढल जे कानुन जे अनुक्षेद 68 जे हेठि आहे. हिन जी तमाम घटि वाटि आहे वाजिब बाजारी मोल या स्टार्टअप या मोलपणे या राशी सां. हिउ सघ आहे आमदनी ढल विभाग जो त पतो करे सरमाई जीं मुंढ. ऐंजिल सेडहिंदडअ आई टी आई रिटर्नअ भरिंदा आहिनि इमानदारी सां. सरमाऐ जी मुंढ कहिंवक्त थी था सघिनि आई टी रिटर्न भरण जेहिडा सुहुला.
4. सेटार्टअपनि खे इतिलाउ पया मिलिनि
अधिको वहमु
The current set of notices being sent by Income Tax Department pertain to transactions conducted in 2013-15. The Startup India Programme was launched in 2016. Till date, no notice has been sent to any entity that had obtained exemption from Department of Industrial Policy and Promotion. No entity that was a Startup at the time of transaction has received a Notice. Any notice that is being received by startups is if they became DIPP certified AFTER the transaction. They were not Startups at the time of the transaction. Also, the Income Tax Department does not identify a Startup at the time of sending a notice of scrutinising a case.
5.अनुक्षेद 56 अर्जीयूं कार्वाहित नाहे थियूं
ख्यालु
The grand total number of applications received by DIPP by 1हों October 2018 was ONE. हा! Only one person had actually applied for the exemption from angel tax. The form is available online and is Free of Cost. There is no extra cost and despite that only one startup filled the form. The furore in the media is hilarious. There are petitions on change.org and other places regarding exemption but no one has applied.
6.स्टार्टअनि खे छुट डि॒ञम लाई पहिंरे ट्रिन सालनि लाई
ख्यालु
The tax exemption is available for startups for a period of three years in a period of Seven Years. Out of Seven, the Startup can choose which set of Three years should be exempt from tax. The three years have to be in a set but it is at the discretion of the Startup.
[1](मुंहिंजो वणिदड) मसलनि खे समिझण लाई मिलास.
इमान जे स्टार्टअप
"True dot AI" raises INR 100m at a valuation of INR 500m (20% stake)
कम्पनी जूं खसिसतयूं:
- Declared domain: Artificial Intelligence
- 3 मुलाजिन ऐं बि॒ अडा॒ईंदडअ
- Assets as per balance sheet: Nil
- को बि ढल नाहे अनुमान कयलल इंदड 18 महिनिन लाई
- Company Age: 8 months since incorporation
- Merchant banker certificate: Approves based on assumptions
बदनियत स्टार्टअप
प्राधम लहणे आडीत्य खे रुपया 100 मिलिअन हिक गैकानुनी मिलकियत डे॒तीलेती नसबत. जेकरि प्रथाम आदिस्या खे भुगतान कंदो ,आदिस्या खे मथसि 30% ढल डे॒अणो पवंदो.
Aditya creates a company: "False dot AI" and sells 20% shares to Pratham for INR 100m.
कम्पनी जूं खसिसतयूं:
- Declared domain: Artificial Intelligence
- 3 मुलाजिन ऐं बि॒ अडा॒ईंदडअ
- Assets as per balance sheet: Nil
- को बि ढल नाहे अनुमान कयलल इंदड 18 महिनिन लाई
- Company Age: 8 months since incorporation
- Merchant banker certificate: Approves based on assumptions
ब॒ डे॒तिलेतीयूं सागी॒ पई पसिबि आहिनि बा॒हरां खां. ढल टारिबी बि॒ हालत में भूगतान खे सेडहायप तोर घुझो करे. ढल विभाग [2] चाहिंदो समुरे वाक्यनि खे ढल मेडणु बि॒ऐ वारे जिअं. स्टार्टअप बिरादरी शल नाहे चाहिंदी त पहिंरे मसले खे कe रोक जो मुंहुं डि॒सणो पवे.
[1] While this was not related, some news articles mention this as a policy failure. मां झले कोन सघयुसि.
[2] This is done through a Computer Assisted Scrutiny Selection (CASS) that reduces manual intervention.
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