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  9. Q46

PPSC PCS 2020 · Question 46 of 95

Start-ups registered with the Department of Industrial Policy and Promotion of the Government of India are exempted from the payment of the “Angel Tax” with conditions. This tax refers to

Economy

  1. ATax payable on capital raised by new listed start-up companies via issuance of shares where the share price is seen in excess of fair market value of shares sold.
  2. BThe tax that start-up were supposed to pay if they receive a loan at a discounted rate of interest because of higher success ratio.
  3. CTax payable on capital raised by unlisted companies via issuance of shares where the share price is seen in excess of fair market value of shares sold.Correct
  4. DThe tax that start-ups were supposed to pay when their annual income would cross the specified threshold as per their fair market valuation.

Answer: C. Tax payable on capital raised by unlisted companies via issuance of shares where the share price is seen in excess of fair market value of shares sold.

Explanation

Angel tax is the tax on unlisted companies raising share capital above the shares' fair market value.

Source: https://cdn.mindspritesolutions.com/examrace/SPSC/Punjab-PSC/Punjab-PSC-Past-Papers/Punjab-Civil-Service-2020-Official-Paper-1-Part-1.pdf

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