CBDT notifies 21 nations from where investment in startups is exempted from angel tax2 min read 25 May 2023, 06:31 PM IST
The Finance Ministry's list includes the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax.
India's Finance Ministry has notified a total of twenty one nations, investments from which in Indian start-ups will be exempted from Angel Tax. The list of twenty one nations include United States, United Kingdom, and France among others. Non-resident investment in unlisted Indian startups from these countries will not attract Angel Tax, the Central Board of Direct taxes (CBDT) has notified.
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