Monday, March 17, 2025 | 06:24 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

New definition to give start-ups, investors a bigger angel tax breather

DPIIT Secretary Ramesh Abhishek and officials from the CBDT met start-ups and investors to discuss ways to exempt small start-ups and investors from the angel tax

angel tax
Premium

angel tax

Subhayan ChakrabortyNeha Alawadhi New Delhi
The government may further exempt start-ups and investors from paying angel tax by tweaking the definition of a start-up soon. 

With pressure from industry mounting, a working committee will be created in four to five days, officials said.
On Monday, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Ramesh Abhishek and officials from the Central Board of Direct Taxes (CBDT) met start-ups and investors to discuss ways to exempt small start-ups and investors from the angel tax. Last month, the government had eased norms for firms seeking an exemption.

A possible change in the definition of a start-up and

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in