Will changes in angel tax rules help start-ups?

Ever since the budget included non-resident investors under the ambit of angel tax, start-ups and the investment community have been raising concerns. The Finance Ministry said all concerns raised by stakeholders in the implementation of the proposal would be addressed, and based on the inputs of stakeholders, in a notification, the Central Board of Direct Taxes (CBDT) exempted many foreign and Indian entities from the purview of angel tax.

Against this backdrop, Rahul Charkha, Partner, Economic Laws Practice (ELP) has been quoted in an article Will changes in angel tax rules help start-ups? published by The New Indian Express.

Read the detailed quote here: Click here

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