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Anonymous

Stealth • 6m

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)

Anonymous 3

Stealth • 6m

Reduced corporate tax. Increased LTCG and STCG so that the middle class will remain middle class. Abolished angle tax Masterstroke from nirmalaji 🤡🥰

0 replies1 like

LIKHITH

Stealth • 6m

Atleast something to feel happy about 😌

0 replies1 like

Anonymous 2

Stealth • 6m

This is a seriously good move.

0 replies1 like

Anonymous 1

Stealth • 6m

💯 more angels will flow into the system

0 replies2 likes

SamCtrlPlusAltMan
•

OpenAI • 6m

This was probably the only good move

0 replies1 like

SHIV DIXIT

Stealth • 6m

“ One good thing can't change 100 bad things ” ~ Wise man

0 replies2 likes

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Anirudh Gupta

Stealth • 6m

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

0 replies14 likes

Anonymous

Stealth • 8m

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.

0 replies6 likes

Shyoram Kabadi

Stealth • 25d

Looking for Angel Investors to Transform the Scrap Industry

3 replies

Anonymous

Stealth • 28d

🤣 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

Anonymous

Stealth • 2m

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

8 replies15 likes

Anonymous

Stealth • 7m

Please tell me the name of some best angel investors. Who help Startups in ideation stage.

3 replies4 likes

Anonymous

Stealth • 6m

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

0 replies7 likes

Vishal Desai

Stealth • 9m

Angel investors or Vanture capitalist ? Who is the best for raising a pre seed funds for startup.

3 replies3 likes

Sandip Kaur

Stealth • 5m

Essential Tax Tips Every Indian Startup Shld Know- Navigating taxes can be tricky for startups, but mastering them is crucial for growth. Here’s what every Indian entrepreneur shld keep in mind: •Startup India Exemptions: If your startup is recognize

7 replies16 likes