India’s 2024 Budget Abolished Angel Tax: Major Boost for Startups and Web3

Quick Summary:

In a recent 2024-2025 budget announcement, the Indian government abolished angel tax for all investor classes.

This reform, announced by India’s Finance Minister Nirmala Sitharaman, is set to boost startup funding from both domestic and international investors.

This means that from this date, all startups raising capital at a premium will be exempt from the angel tax.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United StatesIndia

Topics: Budget Web3 Been Indian Crypto Abolished Investors Angel Startups Recent Blockchain

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 12:10:47 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 21751673

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