Angel Tax Abolished in Union Budget 2024: What This Means for Startups
The Indian government has abolished the angel tax, introduced in 2012 to prevent black money through unlisted company shares, to support the startup ecosystem. Finance Minister Nirmala Sitharaman’s announcement in the Union Budget 2024-25 will provide relief to startups seeking to make a significant impact in the competitive Indian economy. Angel tax Indian investors were … Read more