Wednesday, 24 July, 2024

Abolition of Angel Tax Seen as Landmark Reform Benefiting Startups: US-India Forum

The abolition of the angel tax is hailed as a significant reform that will benefit startups in India, according to the US-India Forum. This move is expected to encourage investment in early-stage companies by removing the tax burden on angel investments. The reform aims to boost innovation, support entrepreneurship, and enhance India's startup ecosystem, making it more attractive to both domestic and international investors.