Mar 13, 2019
Angel Tax Breather: Scheme to Accredit Investors in Works
India is eyeing a new framework for recognising investors so that they won’t be subject to the so-called angel tax provisions on their funding of startups. The Department for Promotion of Industry and Internal Trade (DPIIT) is looking to put in place such a regime so that investors will be able to fund startups without any limit. “We are examining if a mechanism can be created for accrediting investors,” said a government official aware of the matter, details of which are being discussed.