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Removal of angel tax for startups to help attract investors: Piyush Goyal

Business Standard LogoBusiness Standard7h ago

Removal of angel tax for startups to help attract investors: Piyush Goyal - Business Standard

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Commerce and Industry Minister Piyush Goyal on Sunday said that removal of angel tax, which was introduced in 2012 by the UPA government, for all classes of investors will help startups attract investments.

He also said that the customs duty reduction for gold and silver from 15 per cent to 6 per cent will not only help small artisans but also promote the country's gems and jewellery exports.

"The Budget 2024-25 has removed the angel tax and through it, we will be able to attract investors into the country, he said here at a post-budget interaction with the industry.


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Category: BusinessFinance

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News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-28 @ 16:28:41 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 21805963

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