Tag: new income tax regime

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

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

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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New tax regime ‘sweetened’ to benefit maximum number of taxpayers: CBDT Chairman

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New tax regime ‘sweetened’ to benefit maximum number of taxpayers: CBDT Chairman

File picture of Union Finance Minister Nirmala Sitharaman with Nitin Gupta, Chairman, Central Board of Direct Taxes | Photo Credit: Vedhan M The new income tax regime for filing returns has been “sweetened” in the Budget 2023-24 and it will be beneficial for maximum number of taxpayers as they can enjoy a “reduced” tax rate,…

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