Legal Articles Legal Effect Of Amendment To Section 56(2) Of Income Tax Act, 1961 September 26, 2012 by Garima Shahani | 16 Comments on Legal Effect Of Amendment To Section 56(2) Of Income Tax Act, 1961 Garima Shahani NOTE ON LEGAL EFFECT OF AMENDMENT TO SECTION 56(2) OF INCOME TAX ACT, 1961 ON ANGEL INVESTMENTS ABSTRACT The Union Budget 2012 has introduced a new clause in the Income Tax Act, 1961, according to which, with effect from April 1, 2013, that portion of consideration received for the issue of shares of […] Read more ยป 2. SEBI AIF Regulations 3. Objective of the Amendment to Section 56(2) of the Income Tax Act1961 ANGEL INVESTMENTS Category I AIF under SEBI (AIF) Finance Act 2012; Income Tax Act 1961; SEBI (Alternative Investment Fund Regulations) 2012; angel investors LEGAL EFFECT OF AMENDMENT TO SECTION 56(2) OF INCOME TAX ACT Section 56(2) Of Income Tax Act 1961