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Over 2,100 startups served 'angel tax' notices: Report
short by Shruti Maria Mahendar / on 04 Feb 2019,Monday
Over 2,100 startups that raised angel funding have received 'angel tax' notices from I-T Department, a survey by Indian Private Equity & Venture Capital Association (IVCA) and LocalCircles showed. Around 73% of the 2,883 respondents received the notices. The startups said the notice was slapped for raising capital over the "fair market value" or for raising capital from unknown sources.
short by Shruti Maria Mahendar / 05:39 pm on 04 Feb
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