News Post

Abolition of angel tax marks a landmark reform benefiting startups: US India Forum

Economic TimesEconomic Times · 1m
Abolition of angel tax marks a landmark reform benefiting startups: US India Forum

The US India Strategic and Partnership Forum (USISPF) has praised the recent steps taken in the Union budget to benefit India's startup ecosystem, including the abolition of the angel tax for all investor classes. The USISPF also applauded the reduction of tax rates for foreign companies to 35%, which will create parity between domestic and foreign players and attract global investors. The budget's focus on reducing tax and tariff burdens, improving healthcare accessibility, enhancing financial sector transparency, and promoting renewable energy initiatives were also positively received by the USISPF. Overall, the USISPF believes that the budget will contribute to India's economic growth and further strengthen its position as a global economic powerhouse.

Comments

Download the medial app to read full posts, comements and news.