Angel Tax

2019 Was Best Year For Indian Tech Startups: Rs 1 Lakh Crore Raised By 1000+ Startups From 800+ Investors It turns out that this is a good period for Indians to invest and enter the startup market. It has been reported by multiple…

Govt. of India has once again redefined the definition of a startup. This has been done to encourage entrepreneurship, and to make it easier for smaller and medium scale startups to avail Govt. benefits.

The DIPP wants to track and monitor the startups of India, and in this endeavour, they have decided to rank states based on their startup ecosystem. A 7-pillar framework will be created to gauge and judge the startup progress in these…

In 2012, Indian Govt. introduced a draconian and regressive tax for startups called ‘Angel Tax’. This was included under Sec 56 (2) of the I-T Act, wherein any capital raised by any unlisted Indian company against share issuance in…