A third of startups got 'angel tax' notices in 2018, says report
Updated : January 17, 2019 11:32 AM IST
The ‘angel tax’ notices resulted in a 21 percent fall in capital infusion in startups, the report said citing data from iSPIRT, a think-tank for the Indian software products industry.
The problem plaguing the startup sector was brought to notice in a letter to Prime Minister Narendra Modi by iSPIRT, the report said.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more