Angel tax: Exemption limit raised for startups2 min read 19 Feb 2019, 12:13 PM IST
Eligible startups only have to file a duly signed self-declaration by with DPIIT for availing tax exemption
An entity shall be considered as startup if its turnover for any of the financial year has not exceeded ₹100 crore
NEW DELHI : Giving a major relief to startups, the government has decided to relax angel tax norms for startups, including increasing the investment limit to ₹25 crore for availing income tax concessions by startups, an official said Tuesday.
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