Abolition of Angel Tax (Section 56(2)(viib))
Status not published
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No cash. Union Budget 2024-25 abolished Section 56(2)(viib) for all classes of investors with effect from assessment year 2025-26, removing the angel tax on share premium above fair market value. This replaces the earlier DPIIT exemption process under Form 2.
Central Board of Direct Taxes (CBDT), Ministry of Finance
public · national
Deadline: rolling
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Quick — mostly identity and bank details.
Who can apply
- Locally registered entity required
Applies to all companies from AY 2025-26; DPIIT recognition is no longer needed to escape angel tax, though it remains needed for 80-IAC and other benefits.
Source. https://www.startupindia.gov.in/content/sih/en/startupgov/exemption-tax.html — checked 2026-08-14 · not human-checked