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The tax regime on angel investments is likely to be relaxed in the upcoming budget as the Commerce Ministry has recommended to abolish the notorious “angel tax.” To set context, startups are levied around 30% angel tax on investments made by external investors. The Piyush Goyal-led ministry gave a red signal to angle tax, but …
Continue reading “DPIIT recommends removal of angel tax; Finance Ministry to take final call”
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