In order to catalyse entrepreneurship by enabling angel investments to innovators across all sections of society and all sectors of economy, a Gazette notification in partial modification of Gazette Notification number G.S.R 364 (E) dated April 11, 2018 was issued by Ministry of Commerce and Industry, Department of Industrial Policy and Promotion. However, concerns were expressed regarding taxation of angel investments and there were issues that needed to be addressed to ensure availability of capital to Start-ups.
PE-VC-RELIEF-TO-STARTUPS-FROM-ANGEL-TAXATION-JUN-2019
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