Govt will solve 'Angel Tax' issue soon: Suresh Prabhu
Commerce Minister Suresh Prabhu has said the Finance Ministry has been consulted to come up with a solution to 'Angel Tax' and the difficulties startups are facing over it. A 30% 'Angel Tax' is levied on investments above "fair value" of startups by external investors. Previously, over 60 startups and a few investors complained to the government over the same.