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Startups seek scrapping of contentious angel tax proposal

Updated : February 13, 2019 04:59 PM IST

Claiming that taxation provisions have been misused, Government is taxing fund infusions into startups.
The idea is to arrive at a fair valuation and consider the amount over the fair valuation as a premium and tax it at 30 percent.
Startups seek scrapping of contentious angel tax proposal

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