Taxes for angel investors to be lowered to buildup startup growth

To build up the startup growth in India, Internet and Mobile Association of India (IAMAI) industry along with tax consultants has recommended lowering the taxes for angel investors.

The idea behind this introduction is to curb generation and use of unaccounted money.

IAMAI recommends that the one could limit the scope of taxation, exclude investments from unrelated third parties and exclude investment in certain sectors from the scope of the provisions.

Source: Times of India

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