Finance Minister Nirmala Sitharaman has announced the abolition of the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, introduced in 2012. - Entrepreneur Edge

Finance Minister Nirmala Sitharaman has announced the abolition of the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, introduced in 2012.

Summary: In a bid to enhance the startup ecosystem and promote innovation in India, Finance … Continue reading Finance Minister Nirmala Sitharaman has announced the abolition of the angel tax, formally known as Section 56(2)(viib) of the Income Tax Act, introduced in 2012.