News & Media 25th Jul 2024

Budget 2024: A Closer Look at the Now Abolished Angel Tax

Authors

Rahul CharkhaPartner | Pune

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In her Budget speech, Nirmala Sitharaman said that to bolster the Indian start-up ecosystem, the government decided to abolish the so-called angel tax for all classes of investors. A sense of euphoria prevailed in the Indian start-up ecosystem as the Union Budget abolished the angel tax. Start-Up founders and VCs have congratulated and praised the government for the removal of the tax ever since it was announced.

Our Partner, Rahul Charkha has been quoted in an article, “Budget 2024: A Closer Look at the Now Abolished Angel Tax” written by Nabodita Ganguly published in Outlook Business Money.

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