July 22, 2024

Startup Inc hopeful of Modi 3.0’s first Budget spiking the angel tax regime

Startup Inc hopeful of Modi 3.0’s first Budget spiking the angel tax regime

The recent $7 billion funding raised in H1 2024 showcases promising growth potential. To further accelerate this momentum, the elimination of the Angel Tax on startups would be a welcome move as it can increase domestic capital formation and ease of doing business. 

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