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Start-ups accredited by DIPP will no longer be asked to pay angel tax

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Startups  |  Angel Investors  |  Angel Funds

Yuvraj Malik  |  Bengaluru 

Facing flak from start-ups, the government may announce modifications to the “angel tax” law in the coming weeks. All start-ups accredited by the Department of Industrial Policy and Promotion (DIPP) will no longer be asked to pay angel tax, sources involved in the inter-ministerial discussions said.

Earlier, the rule said only those start-ups that have been given such an exemption by a government board will be excused. That is likely to change as the government is planning to exempt “any and all start-ups” (that qualify as start-ups according to prevailing ...

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First Published: Sun, December 23 2018. 23:27 IST
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