CBDT Eases Angel Tax Rules for Startups

Angel Tax Exemption limited to 21 Nations Investors only

Angel Tax Exemption limited to 21 Nations Investors only

The Finance Ministry of India has issued a notification stating that investments made by twenty-one countries in Indian start-ups will be exempted from Angel Tax. The list of countries includes the United States, the United Kingdom, France, and several others. The Central Board of Direct Taxes (CBDT) has notified that non-resident investments in unlisted Indian … Read more