91-98200 88394

intellex@intellexconsulting.com

Angel Tax abolished by Govt for startup equity investment

...
Angel Tax abolished by Govt for startup equity investment

Date : 02-08-2024

Posted By : Startupstreets.com

Angel tax abolished ! Long term capital gain tax reduced

It gives me immense delight to share that the Government has just presented the Union Budget, and in doing so, made some heartwarming announcements related to startups.

Angel tax (i.e., tax on startups raising capital at a premium) has been finally abolished.

Tax on long-term capital gains arising from the sale of shares of startups has been effectively reduced by 8-9% and brought down to 12.5%. It has been brought at par with listed shares, and this long-awaited parity has finally been achieved.

We commend the government for these startup-friendly measures and its unwavering support in propelling the Indian startup ecosystem forward. Such progressive policies are a testament to the government’s commitment to fostering innovation, encouraging investment, and nurturing the entrepreneurial spirit that drives our nation.

www.venturestreets.com,  www.intellexCFO.com,  www.startupstreets.com 

Categories
Latest Blogs
No Collateral, No Problem: How Collateral-Free SME Loans in India Are Powering Small Business Growth

Date : 04-10-2025

Posted By : Growmoreloans.com

Read More
What is Credit Score and How to Improve It in India?

Date : 03-10-2025

Posted By : Growmoreloans.com

Read More
Business Loan Eligibility in 2025: GST, ITR, and Banking Rules Every Entrepreneur Must Know

Date : 03-10-2025

Posted By : Growmoreloans.com

Read More
Be Part of the Restaurant Revolution with Angrezi Dhaba – A Trendsetting Dhaba-Style Dining Franchise in India and Global

Date : 02-10-2025

Posted By : GrowMoreFranchisees.com

Read More
Virtual CFO Services in India: How IntellexCFO is Powering Growth for Businesses

Date : 01-10-2025

Posted By : IntellexCFO.com

Read More