Delve into the complexities and controversies surrounding India's 'angel tax' that affects startups. This tax, designed to prevent money laundering, imposes levies on investments exceeding fair market value. However, the code's subjective nature, international exemptions, and adverse effects on Indian capital have sparked criticism. Explore the implications of this tax, its impact on startups, and the ongoing amendments proposed by the Central Board of Direct Taxes. Join us as we unravel the intricacies of India's angel tax and its implications for the business landscape.
#angeltax #indianstartup #funding #enterpreneur #mint
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