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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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