Mon, Aug 07, 2023
The government introduced the Angel Tax to curb money laundering and make it easier for businesses to comply with the tax norms. The angel tax is levied on unlisted businesses or startups on the funding they get from the angel investors.
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Tue, Feb 19, 2019
Giving a major relief to startups, the government has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for availing income tax concessions by startups, an official said Tuesday.
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