Indian Government to tax Angel Investment in a Startup

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Submission + - Indian Government to tax Angel Investment in a Startup (indiabudget.nic.in)

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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