Chartered Accountants in India, working with clients across the UK

+91 9819 000 511 clientdesk@savlagroup.in nainitsavla@savlagroup.in
Book a consultationBook a call
Angel Tax Exemption
Registrations · Angel tax

Angel tax:abolished, but not forgotten.

Angel tax taxed premiums on shares issued above fair value. It was abolished for share issues from 1 April 2024, for all companies and investors. But earlier years can still be assessed, and FEMA pricing and valuations still apply when UK investors subscribe. We handle both.

Ask about a share issue
Old cases defendedFees agreed in writingFEMA pricing met
StatusAbolished from 1 April 2024
Old yearsCan still be assessed
FEMAPrice at or above fair value
ValuationStill needed

Where things stand.

PeriodPosition
Share issues from 1 April 2024No angel tax
Earlier issuesAngel tax could apply, with exemptions
Recognised startups, earlier yearsExempt if the conditions and declaration were met
Non-resident investorsBrought within angel tax from April 2023 to March 2024, with valuation options

What still matters.

  • FEMA pricingShares issued to UK investors at or above fair value.
  • ValuationsBy a Chartered Accountant or merchant banker.
  • ReportingFC-GPR within 30 days. See FCGPR Filing Services.
  • Old assessmentsNotices for earlier years can still arrive.

Defending old cases.

For earlier years, we review the valuation, any startup exemption and the officer's approach, and reply or appeal. See Startup India and Appeal to Commissioner of Income Tax.

Why UK companies choose us in India.

We speak UK and India

We work with your UK finance team, lawyers and auditors, and translate Indian requirements into plain English.

Reviewed before filing

Every filing and certificate is checked by a second Chartered Accountant before it goes in.

Fees agreed in writing

A written scope, timetable and fee before work starts.

A compliance calendar

One calendar of every MCA, RBI, GST and income-tax deadline for your Indian entity.

One team end to end

Set-up, accounts, payroll, tax, audit and RBI filings handled together.

Secure and fully online

Encrypted document sharing and digital signatures. Directors never need to travel.

Angel tax advice for UK founders and investors.

We work with UK companies headquartered in every part of the UK, from start-ups in London and Manchester to established groups in the Midlands, Scotland and Wales. All the work is coordinated online with your UK team.

London

City of LondonCanary WharfHarrowWembleySouthallHounslowIlfordEast HamCroydonEdgware

South East

ReadingSloughMilton KeynesOxfordWatfordLutonCrawleyGuildford

Midlands

BirminghamLeicesterCoventryNottinghamWolverhamptonDerbyNorthampton

North of England

ManchesterLeedsBradfordSheffieldLiverpoolNewcastlePreston

East and South West

CambridgePeterboroughBristolSwindonSouthamptonBath

Scotland, Wales, NI

EdinburghGlasgowAberdeenDundeeCardiffSwanseaBelfast

Angel tax FAQs.

No. It was abolished for share issues from 1 April 2024.
Yes, earlier share issues can still be assessed.
Yes, for FEMA pricing and good records.
For earlier years, yes, if the conditions were met.

Angel tax notice for an earlier year?

Send it to us. We will review the valuation and defence.

Ask about a share issue+91 9819 000 511

This page is general guidance based on the Companies Act, 2013, FEMA, RBI directions and Indian tax law as they stand. It is not legal or financial advice for your situation. Rules, limits and deadlines can change, so please speak to us before acting on it.