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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