#BudgetWithTOI | The Indian government has abolished the controversial angel tax, as announced by Finance Minister Nirmala Sitharaman in the Lok Sabha. This tax was levied on funds raised by startups from angel investors if the amount exceeded the fair market value of the shares issued. Intended to prevent money laundering, it also complicated fundraising for startups. | The Times of India
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#MintExplains | How the angel tax harms Indian startups Delve into the complexities and controversies surrounding India's '#angeltax' that affects #startups. This #tax, designed to prevent #moneylaundering, imposes levies on investments exceeding fair market value. However, the code's subjective nature, international exemptions, and adverse effects on Indian capital have sparked criticism. Explore the implications of this tax, its impact on startups, and the ongoing amendments proposed by the Ce
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UPI has transformed India’s digital payments, growing from 4.4% in 2017 to 70% today. It’s making India more inclusive and replacing cash with seamless transactions. What do you think comes after UPI? #AngelOne #UPI #Digitalpayments | Angel One
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