Angel tax: Devil gone, tail remains

The changes announced by the government have considerably addressed the angel tax problem for startups, but procedural issues still need to be sorted out. HEAD SHOT The Minister for Commerce & Industry has announced major changes in the rules governing…

Newsline | Why India’s startup story is just getting started

Indian startups have witnessed a surge in investor confidence as of late, but the ecosystem has a long way to go before it catches up with the likes of China and US The year 2018 saw a flurry of deal…

Let’s not throw the baby with the bathwater

The government has made changes to the procedure for angel tax exemption. But the tax should ideally be done away with for good. The angel funding issue was a major sore point that startups had expected the government to address in the Interim Budget 2019. However, the issue was not…