APPSC Group-II Mains 2019 Paper III · Question 39

Question 39 of the APPSC Group-II Mains 2019 Paper III (30 August 2019). Try it first, then open the answer and explanation.

1. Mains 2019 · P-III · Q39 · Economy (India & AP) · Public Finance & Taxation

   Angel tax was introduced in the Union Budget of

   ఏ యూనియన్ బడ్జెట్ నందు ఆంజిల్ పన్ను (Angel tax) ప్రవేశ పెట్టబడినది.

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   Answer: 2012

   సమాధానం: 2012 సం॥

   The 2012 Budget brought in Section 56(2)(viib), taxing share premiums above fair market value received by unlisted firms. It was abolished in 2024.

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