🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Anonymous

Anonymous

Hey I am on Medial • 10m

In an attempt to encourage more investments in the Indian startup ecosystem, Union Finance Minister Nirmala Sitharaman announced that the angel tax will be abolished for all classes of investors. The angel tax, introduced in 2012 to prevent money laundering, allowed taxing a startup's funds if the investment exceeded the fair value of shares as determined by a merchant banker. Over the years, startups and investors have complained about genuine investments being unfairly targeted by tax authorities.

6 replies17 likes
Replies (6)

More like this

Recommendations from Medial

Anirudh Gupta

CA Aspirant|Content ... • 10m

Meme news #8 Angel tax has been abolished.A fresh breath for startups and investors.

0 replies14 likes
Anonymous

Anonymous

Hey I am on Medial • 1y

During a BSE event held in Mumbai on Tuesday, Finance Minister Nirmala Sitharaman faced tough questions from a stockbroker regarding the heavy taxation regime in India. A video of Sitharaman facing criticism from a stock market broker has gone viral.

See More
0 replies6 likes

Rishabh Jain

Start loving figures... • 4m

Is India Taxing Too Much Fun? (POPCORN TAX) India’s tax system has gone global thanks to the popcorn taxation buzz. While we’ve made strides with reforms like GST and corporate tax cuts, quirky rules and compliance hurdles can sometimes leave foreig

See More
0 replies6 likes
Anonymous
Image Description
Image Description

Anonymous

Hey I am on Medial • 5m

🤣 What's your reaction if suddenly Nirmala Sitharaman remove all the tax and just ask for 5% gst ? What Gift 🎁 you will give ?

3 replies2 likes
Image Description
Image Description

Shyoram Kabadi

Make you perfect • 5m

Looking for Angel Investors to Transform the Scrap Industry

5 replies
Image Description
Image Description

Mohd Talib

Roadside Developer a... • 3m

Had an insightful meeting with investors today it's clear that VCs and angel investors are heavily focused on AI-driven innovations. Many are steering away from EdTech and traditional sectors, prioritizing disruptive AI applications instead. The fut

See More
5 replies9 likes
1
Anonymous
Image Description
Image Description

Anonymous

Hey I am on Medial • 6m

Why angel investors/VCs don't reply to the idea stage startup?

8 replies15 likes
1
Image Description
Image Description

Basil

S • 3m

what is the difference between in angel investors and venture capitalist

4 replies3 likes
1

Saket Sambhav

Adjuva Legal • 1m

What's the most important factor for attracting angel investors in India?

0 replies4 likes
Anonymous

Anonymous

Hey I am on Medial • 11m

The Department for Promotion of Industry and Internal Trade (DPIIT) has requested the government to remove the angel tax on startups ahead of the upcoming Budget. "We had recommended this in the past as well," DPIIT Secretary Rajesh Kumar Singh sai

See More
0 replies7 likes
2

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