Tag: Angel Tax

PM Narendra Modi Says Policy Measures Taken To Boost Social Impact Of FinTech In India

August 30, 2024 admin

Narendra Modi said the social transformation brought about by the fintech sector is far-reaching. Mumbai: Prime Minister Narendra Modi on Friday said the government is taking various measures at the policy level to promote the fintech sector, which attracted over USD 31 billion in investments in the last 10 years, and the abolition of the…

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Union Budget 2024: Nirmala Sitharaman scraps Angel Tax on foreign investments amid startup funding winter

July 23, 2024 admin

Union Finance Minister Nirmala Sitharaman during a post-Budget press conference in New Delhi on July 23, 2024. | Photo Credit: ANI In a major respite for India’s fledgling startups, Union Finance Minister Nirmala Sitharaman, presenting the Union Budget in Parliament on July 23, announced scrapping the contentious Angel Tax on foreign investments received by such…

Business

Shashi Tharoor’s Thumbs Up For This Big Budget Announcement

July 23, 2024 admin

His party, the Congress, has termed the Budget “nakalchi (copy-paste)”, and Shashi Tharoor, who once ran for the top job in the party, echoed the sentiment and panned it as an “underwhelming” exercise. However, the Thiruvananthapuram MP found a positive too – the abolition of angel tax. Angel tax refers to the income tax that…

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Angel Tax For All Classes Of Investors To Be Abolished, Says Nirmala Sitharaman

July 23, 2024 admin

Representational Image New Delhi: In a bid to bolster the Indian startup ecosystem, the Centre today announced the abolishment of angel tax for all classes of investors. Angel tax is levied on the capital raised via the issue of shares by unlisted companies from an Indian investor if the share price of issued shares is seen…

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