BOOSTING INNOVATION: ANGEL TAX AND THE IMPACT OF ITS ABOLITION ON INDIA’S STARTUP ECOSYSTEM
This Article has been authored by Suman Kumar Jha (Founder & Managing Partner), Afnaan Siddiqui (Co-Founder & Partner), Visakha Raghuram (Associate) and Bharat INTRODUCTION The abolition of the Angel Tax in the 2024 budget for all classes of investors represents a significant reform that will benefit India’s startup ecosystem. Introduced in 2012 under Section 56(2)(viib) […]