India exempts startups from a much criticised 30% "angel tax" when raising money at a rate higher than their "fair market value" as assessed by tax authority (Manish Singh/TechCrunch)
Manish Singh / TechCrunch:
India exempts startups from a much criticised 30% “angel tax” when raising money at a rate higher than their “fair market value” as assessed by tax authority — India today addressed a long-standing challenge that has been affecting the country's booming startup ecosystem.
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