India's Central Board of Direct Taxes has published Notification No. 29/2023 and Notification No. 30/2023 of 24 May 2023, which provide for the implementation of the "angel tax" exemptions for certain non-resident persons and start-ups in relation to Section 56(2)(viib) of the Income-tax Act, 1961 (previous coverage). Section 56(2)(viib) generally provides that consideration received for the …