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Anonymous

Anonymous

Hey I am on Medial • 9m

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

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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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Anonymous
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Anonymous

Hey I am on Medial • 3m

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

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Anonymous
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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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Basil

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what is the difference between in angel investors and venture capitalist

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Saket Sambhav

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

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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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