No angel tax on startups with up to â¹10 cr funding: Reports
Startups incorporated before 2016 with up to â¹10 crore in angel funding will be exempted from giving angel tax, the Department of Industrial Policy and Promotion (DIPP) has reportedly said. It'll benefit about 300 startups that received funding from the Angel Investors Network. A separate committee will be set up for the startups' recognition, reports said, citing an official.