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OYO ANGEL TAX
Delhi HC stays Rs 1,140 crore tax demand against OyoThe demand was raised under Section 56(2)(viib) of the Income Tax Act on account of the addition to the income after the assessee had issue...- Cross-border payments startup Dodo Payments raises $1.1 million pre-seed fundingDodo Payments intends to utilise the funds to enhance its technological infrastructure by introducing modules for subscriptions, billing, f...
- LTCG tax parity may bring more family offices to the startuplandThe budget proposal to bring parity on long-term capital gains (LTCG) tax across all financial assets and abolish the angel tax will lead t...
- What happens to India's startups with a coalition government at the Centre? Here is what they wantAs a new coalition government gears up, startups call for clearer regulations, simpler relocation processes to India, and a more straightfo...
- Swiggy to axe 400 jobs; Groww vs Zerodha race heats upThe cuts, which will impact about 6% of its 5,500 to 6,000 staff, will most likely happen across teams like technology, call centre, and co...
- Govt notifies Angel Tax rules for startups; Zerodha’s FY23 revenues & profits soarThe government notified the new Angel Tax rules on Tuesday, retaining the five valuation methodologies suggested in the draft rules. The ru...
- Delhi HC gives relief to Oyo in Rs 1,140 crore angel tax demand by income tax department"The primary issue here was around the income tax department raising concerns about the investments made by the parent company Oravel Stays...
- Oyo may downsize IPO; exclusive chat with Nykaa CEOOyo plans to reduce the size of its IPO to less than $1 billion, given the prevailing market conditions. In conversation with Nykaa CEO Fal...
- Zetwerk turns unicorn after $150-million funding led by D1 CapitalThe funding values the startup at $1.33 billion post money.
- Show me the money: The challenge of raising venture capitalA googly that founders often face from investors is the market they address is too crowded. Now competition is a given, very much like deat...
- It’s the turn of India Inc to harness the spirit unleashed by the budgetThe budget has addressed some aspects with the five-year tax holiday for Esops but has left room for more.
- FM Nirmala Sitharaman makes startup bets less taxing for angelsUnion finance minister Nirmala Sitharaman announced a slew of relief measures for a slowing economy, including the scrapping of the “angel ...
- Digital India is a tribute to the 5 mn Indians employed in the IT industry: Raman Roy, Chairman, Quattro BPO SolutionsDigital India was the recognition of what the entrepreneurs were doing by taking it to the next level.
- How government is obstructing democratisation of entrepreneurshipInnovation will always be ahead of regulation. The government should understand this and bring in policies that enable value creation.
- Startup capital drive continues with investors betting on food delivery, education, travelA closer look at the data shows that the number of seed and angel deals have more than halved from the peak of 1,030 in 2016 to 484 in 2018.
- The policy hack: Time for Indian sovereign funds to wake upAs per research data company, Preqin, venture capital funding in Asia touched about $20.7 Billion in 2017. Preqin, in a special report on S...
- 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 ...
- As valuations plunge, startups asked to shell out more in taxThe Income Tax department has issued such orders or adjustments in about 100 cases across India between November 30 and December 15, accord...
- Oyo Rooms to acquire Zo Rooms in an all-stock dealOyo chief executive Ritesh Agarwal and Zo Rooms CEO Dharamveer Chauhan did not respond to email queries and phone calls from ET.
- Startup India initiative: Pundits like Nikesh Arora, Kunal Bahl helping Modi government to craft new policyA host of VC funds have also come forth with their suggestions. A detailed policy to encourage startups is likely to be unveiled in Decembe...
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