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ANGEL TAX ABOLITION
India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...- India Budget 2025: New changes for foreign startups? Here’s what to expectThe Indian government is likely to announce incentives for manufacturing, infrastructure projects, and digital innovation.
- Sebi considers taking Angel funds regulation out of its purviewSebi is considering regulating Angel Funds under its norms following the abolition of Angel tax. A consultation paper highlighted gaps in o...
- Budget will spur job creation, boost investments in startups: Finance minister Nirmala SitharamanFinance Minister Nirmala Sitharaman stated that the budget proposals would boost job creation, invest in startups, and enhance economic gro...
- Capital gains tax rationalisation was industry's demand, says Revenue SecyRevenue Secretary Sanjay Malhotra defended the capital gains tax rationalization, stating it was industry-demanded. He highlighted the budg...
- Budget 2024: Industry leaders weigh in on India's path to growth and innovationThe budget emphasises technology, with increased funding for research and development, also prioritising digital infrastructure, and women'...
- What does the Budget mean for common man, youth & industry? Nirmala Sitharaman explainsFinance Minister Nirmala Sitharaman addressed Congress' claims that BJP has borrowed their ideas, highlighted job creation efforts, defende...
- Abolition of angel tax will boost startup ecosystem: CBDT chairmanCBDT Chairman Ravi Agrawal said the removal of this tax will act to boost the startup ecosystem in India. He would urge the community to "p...
- Simplified FDI, reduced corporate tax rates will greatly enhance capital inflows: Deloitte IndiaDeloitte India highlighted the positive impact of Budget announcements on capital inflows, emphasising simplified FDI regulations, reduced ...
- Abolition of angel tax marks a landmark reform benefiting startups: US India ForumThe Union budget praised by USISPF abolishes the angel tax and sets a 35% foreign tax rate, boosting global investment. Duty cuts enhance l...
- Budget 2024: Centre abolishes angel tax in a major boost for startup ecosystemBudget 2024: The Section 56 (II) (viib) of the Income Tax Act, known as angel tax, is applicable on any consideration of issue of shares th...
- Angel tax abolition set to fuel innovation and spur investment in deep-tech startups: Ashwini VaishnawUnion minister for electronics and information technology Ashwini Vaishnaw said angel tax was a major issue for deep tech startups. " With ...
- Budget 2024: FM Sitharaman proposes to abolish angel tax for all investor classUnion Budget 2024-25: Finance Minister Nirmala Sitharaman on Tuesday proposed to abolish the angel tax for all investor classes while prese...
- 'Long overdue': Startup industry, VCs cheer move to abolish angel taxBudget 2024: Finance minister Nirmala Sitharaman abolished India’s angel tax, boosting the startup ecosystem. Industry leaders like Siddart...
- Elections 2019: Industry roots for Angel Tax abolition, AI-enabled solutionsChanges in the FDI policy in the ecommerce space which came by in February this year also made startups wary of the changes that were to fo...
- Govt plans working group to resolve angel tax tangle“We will form a small working group and try to come out with some suggestions and solutions in the next four-five days,” said Ramesh Abhish...
- Budget 2019: Startups rue lack of clarity on key issuesAlready hit by new ecomm FDI rules, Startup sector feels ignored by govt
- Will startups be rid of angel tax demons? CBDT to clarifyCBDT could issue a notice that lifts the threat of angel levy and associated penalties hanging over startups.
- A provision meant to curb money laundering is stifling startups. Can Budget 2018 correct the mistake?With most startups taking years just to break-even, treating part of the hard-earned cash that came in from angels as taxable income, even ...
- Government to make changes in section 56(2) of Income Tax Act in a bid to promote startupsIn many cases, the valuation of startups is far in excess of market value as it is based on the promise of the idea and not the immediate w...
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