Tue, Jul 23, 2024
Centre scraps angel tax: Angel tax sought to reduce the use of undeclared money through inflated share prices in closely held enterprises. However, venture capitalists and industry experts have long advocated for its elimination to create a more favourable atmosphere for Indian entrepreneurs.
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Nirmala Sitharaman also announced various changes to tax rates for e-commerce players and certain financial instruments in the context of long-term capital gains.
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