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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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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 la
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Essential Tax Tips Every Indian Startup Shld Know- Navigating taxes can be tricky for startups, but mastering them is crucial for growth. Hereโs what every Indian entrepreneur shld keep in mind: โขStartup India Exemptions: If your startup is recognize
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๐ Section 80-IAC: Tax Exemption for Startups! ๐ก If you're a startup recognized by DPIIT, you can claim a 100% tax deduction on profits for 3 consecutive years out of the first 10 years! ๐ ๐ Eligibility: โ Incorporated as a Private Ltd. Co. or L
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