Module: General Practice
Q15: Identify the correct statement regarding the "Angel Tax" provisions in the Union Budget 2026-27.
✅ Correct Answer: C
The abolition remains in force.
The controversial "Angel Tax" (Section 56(2)(vii b)) was abolished in the Budget 2025-26.
The Union Budget 2026-27 reiterated that the government is committed to a "vibrant startup ecosystem" and confirmed that the tax remains abolished.
No new "valuation" taxes were introduced this year.
The controversial "Angel Tax" (Section 56(2)(vii b)) was abolished in the Budget 2025-26.
The Union Budget 2026-27 reiterated that the government is committed to a "vibrant startup ecosystem" and confirmed that the tax remains abolished.
No new "valuation" taxes were introduced this year.