angel tax startups

The I-T department's draft rules on valuation of funding in unlisted startups for calculating 'angel tax' will bridge the gap between the rules outlined in FEMA and the Income Tax, but the 10 per cent safe harbour which is proposed for…

Venture capital (VC) investors welcomed the changes proposed by the government to angel tax provisions that were originally announced in the Union budget for 2023-24, saying they provide much-needed clarity on incidence of the tax while…

The startup industry is lobbying with the finance ministry to scrap, or at least increase, the Rs 25-crore threshold below which it is exempted from the so-called angel tax. The industry says only a small percentage of startups will be able…

Two discernible trends emerging from Big Tech earnings released this week strengthen the perspective that consumers of tech services across the world are tightening the purse strings to deal with economic slowdown.One, companies cutting…

The Finance Bill, 2023 has proposed bringing non-resident investors in unlisted companies under the ambit of Section 56 (2) (viib) of the Income Tax Act, also known as the ‘angel tax’.This means privately held companies such as startups…