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Angel Tax: Startups with investment up to Rs 25 crore likely to get tax exemption

Updated : February 19, 2019 06:23 AM IST

Last year, the government had allowed startups to avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore.
In January, the government had eased the procedure for seeking income tax exemption by startups on investments from angel funds and prescribed a 45-day deadline for a decision on such applications of budding entrepreneurs.

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