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Mohandas Pai Calls for Repeal of Angel Tax and Establishment of ₹50,000 Crore Startup Fund
Posted inFunding News

Mohandas Pai Calls for Repeal of Angel Tax and Establishment of ₹50,000 Crore Startup Fund

Posted by By The Entrepreneur India Team 6 June 2024
Key Points : 1. Concerns about the Angel Tax: Pai emphasizes the negative impact of…
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  • CredFlow Raises $3.7 Million in Pre-Series B Funding
  • In a significant move to boost the startup ecosystem in India, Finance Minister Nirmala Sitharaman has announced the abolition of the angel tax, officially known as Section 56(2)(viib) of the Income Tax Act, which was introduced in 2012.
  • Top 10 Food Processing Companies in India
  • On Friday, a major Microsoft outage disrupted services worldwide, affecting banks, airlines, and media broadcasters.
  • Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024.

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  • CredFlow Raises $3.7 Million in Pre-Series B Funding
  • In a significant move to boost the startup ecosystem in India, Finance Minister Nirmala Sitharaman has announced the abolition of the angel tax, officially known as Section 56(2)(viib) of the Income Tax Act, which was introduced in 2012.
  • Top 10 Food Processing Companies in India
  • On Friday, a major Microsoft outage disrupted services worldwide, affecting banks, airlines, and media broadcasters.
  • Google has announced a significant price reduction for Google Maps services in India and will begin accepting payments in Indian rupees starting August 1, 2024.
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