The Future of Angel Tax: Will the Upcoming Union Budget Provide Relief for Startups?

The angel tax was introduced in the 2012 Union Budget by then Finance Minister Pranab Mukherjee. The primary objective was to curb money laundering activities where black money was disguised as legitimate investments.

Why in news? There is a lot of discussing on how Indian gov can end or reduce angel tax for new companies startups Across the Indian startup ecosystem, the word on every one’s lips is the potential that the government could do away with the angel tax – a burden that has been the bane … Read more