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

Everything around Angel tax.

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

Tier 2 and tier 3 cities in India are becoming significant hubs for startups, approximately 45% of the country's recognized startups ~ DPIIT

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

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

Excited to share that Wheeloy is now officially recognized by DPIIT! A big milestone for us! 🚀

🚀 Section 80-IAC: Tax Exemption for Startups! 💡 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! 🎉 📌 Eligibility: ✅ Incorporated as a Private Ltd. Co. or L

why startups are not applying for "TAX EXEMPTION" under 80IAC?? Tell us your reasons

Indian startups are Reverse Flipping. Many startups incorporate in countries like Singapore, Mauritius, the US (primarily for SaaS), or the Cayman Islands for several reasons: - Ease of doing business - Tax incentives - Better funding opportunities