Giving a major relief to startups, the government has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for availing income tax concessions by startups, an official said Tuesday.
Currently, startups avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore.
A notification regarding simplifying the process for startups to get exemptions on investments under section 56(2)(viib) of Income Tax Act... Читать дальше...