Ministry of Finance

India, News

Hadia Seema
July 27, 2024

Government removes Angel Tax burden from Startups – Union Budget 2024

Finance Minister Nirmala Sitharaman, Union Budget 2024, Angel Tax, Startups, Indian Startup ecosystem

In a significant move to support startups, the government has scrapped the 'angel tax' for all investor categories, providing a major boost to the startup ecosystem.

The Company Law Committee likely to bring stricter regulations for startups in India

The official said there needs to be a balance when it comes to regulations for them. Ease of doing business, as well as a compliance-oriented regulatory regime, should be ensured, he added.

Company Law Committee, a government-appointed panel, is likely to discuss whether there is a need for a stricter regulatory regime for startups.

Budget 2020: New tax-saving proposal for salaried individuals

The Central government is reportedly considering a proposal to create a new segment in its tax-saving products under Section 80C of the Income Tax Act...

Government removes Angel Tax burden from Startups – Union Budget 2024

The Company Law Committee likely to bring stricter regulations for startups in India

Budget 2020: New tax-saving proposal for salaried individuals

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