Adani Enterp. 2541.75↓-2.60(-0.10%)
Adani Ports 738.15↑11.30(1.55%)
Apollo Hospitals 4619.95↑10.05(0.22%)
Asian Paints 3133.75↑5.35(0.17%)
Axis Bank 930.25↑3.30(0.36%)
B P C L 362.40↓-1.90(-0.52%)
Bajaj Auto 4628.90↑12.95(0.28%)
Bajaj Finance 6914.45↑9.95(0.14%)
Bajaj Finserv 1447.65↑8.50(0.59%)
Bharti Airtel 819.70↑1.75(0.21%)
Britannia Inds. 4576.65↓-19.55(-0.43%)
Cipla 953.00↑1.65(0.17%)
Coal India 246.00↑4.50(1.86%)
Divi's Lab. 3476.75↓-37.25(-1.06%)
Dr Reddy's Labs 4558.70↑27.75(0.61%)
Eicher Motors 3711.30↑20.95(0.57%)
Grasim Inds 1705.95↑17.65(1.05%)
H D F C 2684.35↑33.75(1.27%)
HCL Technologies 1125.80↓-13.40(-1.18%)
HDFC Bank 1632.95↑17.15(1.06%)
HDFC Life Insur. 578.10↑0.90(0.16%)
Hero Motocorp 2777.40↑32.25(1.17%)
Hind. Unilever 2655.85↑3.50(0.13%)
Hindalco Inds. 419.15↑5.60(1.35%)
ICICI Bank 948.60↓-2.10(-0.22%)
IndusInd Bank 1284.50↑16.45(1.30%)
Infosys 1311.80↓-5.65(-0.43%)
ITC 450.05↑6.45(1.45%)
JSW Steel 701.75↑0.05(0.01%)
Kotak Mah. Bank 1954.90↑9.85(0.51%)
Larsen & Toubro 2224.80↑6.35(0.29%)
M & M 1333.30↑51.45(4.01%)
Maruti Suzuki 9333.85↓-66.10(-0.70%)
Nestle India 21686.65↑104.90(0.49%)
NTPC 176.25↑1.75(1.00%)
O N G C 159.20↓-4.55(-2.78%)
Power Grid Corpn 234.80↓-2.50(-1.05%)
Reliance Industr 2519.00↑12.50(0.50%)
SBI Life Insuran 1220.05↑24.30(2.03%)
St Bk of India 595.55↑9.55(1.63%)
Sun Pharma.Inds. 965.80↓-4.10(-0.42%)
Tata Consumer 791.75↑2.05(0.26%)
Tata Motors 522.15↑3.70(0.71%)
Tata Steel 108.05↑1.65(1.55%)
TCS 3318.55↓-10.35(-0.31%)
Tech Mahindra 1114.55↓-0.20(-0.02%)
Titan Company 2787.05↑44.90(1.64%)
UltraTech Cem. 7835.00↑113.15(1.47%)
UPL 690.00↑1.90(0.28%)
Wipro 400.50↓-1.20(-0.30%)

Angel tax relief likely for Sebi-enrolled FPIs; rules expected by April 15

The angel tax is on the amount received as more than fair market value as income in the hands of a company

Premium

3 min read Last Updated : Mar 13 2023 | 6:00 AM IST

The government is likely to exempt certain categories of investors — such as those registered with regulatory authorities and whose chances of circulating unaccounted money are low — from the so-called angel tax.

These could include funds qualifying as foreign portfolio investors (FPIs) and foreign venture capital investors (FVCIs) registered with the Securities and Exchange Board of India (Sebi), and entities registered with the Reserve Bank of India, a senior government official privy to the matter told Business Standard.

According to him, the revenue department will notify the regulatory framework, incorporating “a list of exempted entities” along with valuation rules for the newly introduced tax, by April 15.