tax deduction, Startup India, startup boost, boost for startup, Angel Tax, Business news

Promotion of startups: Listed companies and relatives of the founder can also get exemption from Angel Taxes.

In order to promote startup funding, the central government is considering increasing the tax exemption for Angel Investors, in addition to the listed companies, relatives of the founders and some ‘recognized investors’. They may be allowed to fund up to Rs 50 crore possibly in startups. Under current provisions, they get tax rebates on funding […]

Continue Reading