CSE-2019 | Prelims Daily Quiz 71

Question:

Q. The so-called angel tax is in focus after some startups got notices from the taxmen. With reference to this, consider the following statements:

1. Angel tax is levied up to 40 %.

2. Angel tax is not levied on entire investment.

3. A family member of an entrepreneur cannot become his/her angel investor.

 

Select the correct statement/s using the code given below:

a) 1 and 2 only

b) 2 only

c) 2 and 3 only

d) 3 only

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