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Anonymous

Anonymous

Stealth • 5m

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.

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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.

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

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Anonymous

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

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Niket Raj Dwivedi

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Anonymous
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Anonymous

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

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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

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

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5 things I am expecting from FM Nirmala Sitharaman presenting the union budget today: 1. Simpler tax structure: Less confusion, more coffee breaks for our CAs! 2. Support for startups: Because creating jobs > chasing MBA grades. 3. Infrastructure

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