The Commerce Ministry likely to exempt Angel Tax for Start-up investors, according to sources. The Exemption limit being raised to Rs. 50 lakh from Rs. 25 lakh for returns on the Income a year before an investment. Reportedly, Commerce and Industry Minister Suresh Prabhu has approved a notification pertaining to clause (VII-B) of Subsection (2) […]
The post No ‘ Angel Tax ’ for Start-Up Investors: Govt. appeared first on Taxscan | Simplifying Tax Laws.
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