The Morning Brief cover image

Angel Tax, the demon that haunts startups

The Morning Brief

00:00

The Angel Tax Is Back in India

According to a local circles survey in 2019 over 73% of Indian startups that had raised capital from angel investors had received angel tax notices. In an amendment as part of the finance bill the government has done away with the mention of a resident in that particular section of the income tax act. Siddharth tells us why this tax is so confusing and irksome to investors.

Play episode from 08:08
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app