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Startups cry foul as income tax department forcibly charges them angel tax

Updated : February 08, 2019 11:34 PM IST

I-T department had frozen four bank accounts of TravelKhana and withdrew about Rs 33 lakhs on a pretext of tax liability on investments raised by the company from angel investors.
Babygogo CEO and co-founder Siddharth Ahluwalia in a tweet alleged that his company has also left with no money after the tax department has deducted Rs 72 lakh.

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