In her Budget speech on 23 July, 2024, Union Finance Minister Nirmala Sitharaman made a landmark announcement that the Angel Tax will be abolished for all investors, effective from 1 April, 2025. This move comes as a significant relief to the startup ecosystem, addressing long-standing demands from Venture Capitalists (VCs) and investors. In this Insight, we decided to dwell into the meaning to the Angel Tax, the Impact of Angel Tax on Indian Economy and the road ahead.
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