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Angel Tax

Abolition of angel tax phenomenal move in boosting startup ecosystem, says TiE Silicon Valley

The abolition of angel tax has been welcomed by several other trade and business advocacy groups as well.
25 July 2024, 05:23 IST
Union Budget 2024 | Abolition of angel tax phenomenal move in boosting startup ecosystem, says TiE Silicon Valley
Union Budget 2024 | Abolition of angel tax phenomenal move in boosting startup ecosystem, says TiE Silicon Valley

Abolition of angel tax phenomenal move in boosting startup ecosystem, says TiE Silicon Valley

25 July 2024, 05:23 IST

Angel tax was on investments, such inflows should not be taxed: DPIIT Secy on removal of levy

Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said the decision will help in attracting foreign investments, promoting innovation and further strengthening the startup ecosystem of the country, which is the third largest in the world.
24 July 2024, 08:37 IST
Union Budget 2024 | Angel tax was on investments, such inflows should not be taxed: DPIIT Secy on removal of levy
Union Budget 2024 | Angel tax was on investments, such inflows should not be taxed: DPIIT Secy on removal of levy

Angel tax was on investments, such inflows should not be taxed: DPIIT Secy on removal of levy

24 July 2024, 08:37 IST

Startup ecosystem sweetened with abolition of angel tax

The FM said, 'To bolster the Indian startup ecosystem, boost the entrepreneurial spirit, and support innovation, I propose to abolish the so-called angel tax for all classes of investors.'
24 July 2024, 07:24 IST
Startup ecosystem sweetened with abolition of angel tax
Startup ecosystem sweetened with abolition of angel tax

Startup ecosystem sweetened with abolition of angel tax

24 July 2024, 07:24 IST

Abolition of angel tax marks a landmark reform benefiting India’s startup ecosystem: USISPF

Applauding the decision to reduce tax rates for the foreign companies to 35 per cent, the USISPF said this action creates parity between domestic and foreign players and will be an important boost for global investors seeking to shift their international supply chains away from China.
24 July 2024, 04:34 IST
Abolition of angel tax marks a landmark reform benefiting India’s startup ecosystem: US India Strategic and Partnership Forum
Abolition of angel tax marks a landmark reform benefiting India’s startup ecosystem: US India Strategic and Partnership Forum

Abolition of angel tax marks a landmark reform benefiting India’s startup ecosystem: USISPF

24 July 2024, 04:34 IST

Union Budget 2024 | Anusandhan National Research Fund is 'game-changer' for Indian innovation: Mahankali Srinivas Rao of T-Hub

'This fund will power basic research and prototype development, driving commercial-scale innovation and enabling startups to bring cutting-edge solutions to the market,' said Rao.
23 July 2024, 10:58 IST
Union Budget 2024 | Anusandhan National Research Fund is 'game-changer' for Indian innovation: Mahankali Srinivas Rao of T-Hub
Union Budget 2024 | Anusandhan National Research Fund is 'game-changer' for Indian innovation: Mahankali Srinivas Rao of T-Hub

Union Budget 2024 | Anusandhan National Research Fund is 'game-changer' for Indian innovation: Mahankali Srinivas Rao of T-Hub

23 July 2024, 10:58 IST

Centre proposes to abolish Angel Tax, what is it?

It was first introduced in the 2012 Union Budget by the then finance minister Pranab Mukherjee under the UPA-II regime to deter money laundering.
23 July 2024, 07:14 IST
Union Budget 2024 | Centre proposes to abolish Angel Tax, what is it?
Union Budget 2024 | Centre proposes to abolish Angel Tax, what is it?

Centre proposes to abolish Angel Tax, what is it?

23 July 2024, 07:14 IST

Centre proposes to abolish angel tax for all classes of investors

In her Budget speech, Sitharaman also announced various changes with respect to tax rates for e-commerce players and certain financial instruments in the context of long-term capital gains.
23 July 2024, 06:57 IST
Union Budget 2024 | Centre proposes to abolish angel tax for all classes of investors
Union Budget 2024 | Centre proposes to abolish angel tax for all classes of investors

Centre proposes to abolish angel tax for all classes of investors

23 July 2024, 06:57 IST

Explained | What is Angel Tax? Here's why DPIIT is against it

Angel tax refers to the income tax that the government levies on funding raised by unlisted companies, or startups, if their valuation exceeds the company's fair market value.
06 July 2024, 13:53 IST
Explained | What is Angel Tax? Here's why DPIIT is against it
Explained | What is Angel Tax? Here's why DPIIT is against it

Explained | What is Angel Tax? Here's why DPIIT is against it

06 July 2024, 13:53 IST

Foreign investments in start-ups come under ‘angel tax’ net

The central government on Tuesday notified new rules, colloquially known as an 'angel tax', under which unlisted companies, mostly startups, will be required to pay tax on equity capital raised from foreign investors if the valuation is higher than its fair market value.
27 September 2023, 02:42 IST
Foreign investments in start-ups come under ‘angel tax’ net
Foreign investments in start-ups come under ‘angel tax’ net

Foreign investments in start-ups come under ‘angel tax’ net

27 September 2023, 02:42 IST

All about proposed changes to angel tax rules

Angel tax is levied at the rate of 30.9% when an unlisted company issue shares to an investor at a price higher than the fair market value
18 June 2023, 22:02 IST
All about proposed changes to angel tax rules
All about proposed changes to angel tax rules

All about proposed changes to angel tax rules

18 June 2023, 22:02 IST