Indian Government to tax Angel Investment in a Startup

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Submitted by

kousik

on Sunday March 18, 2012 @10:46AM

kousik writes "Indian Government proposes to tax Angel Investment as income from other sources for startups and asking them to pay 30% tax on angel funding. This is not a good scene in emerging indian startup scene and will effectively kill most funding."
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Indian Government to tax Angel Investment in a Startup

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Indian Government to tax Angel Investment in a Startup