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      Question

      Angel Tax exemption applies to investments under the

      valuation cap of:
      A ₹5 crore Correct Answer Incorrect Answer
      B ₹10 crore Correct Answer Incorrect Answer
      C ₹20 crore Correct Answer Incorrect Answer
      D ₹50 crore Correct Answer Incorrect Answer
      E No cap Correct Answer Incorrect Answer

      Solution

      Investments up to a valuation cap of ₹10 crore are exempt from Section 56(2)(viib) angel tax.

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