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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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  • 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.
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  • True Diamond Secures $1 Million in Seed Funding from Titan Capital, Huddle Ventures and others
  • 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.
  • WazirX Faces Security Breach After Suspicious $230 Million Transfer
  • Top 10 Technology Startups in India
  • AstroTalk Secures ₹78.3 Crore in Series A Extension from Left Lane Capital and Elev8 Capital
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