India Notification on Tax Exemption for Angel Investments in Qualifying Start-Ups

On 11 April 2018, a notification from India's Department of Industrial Policy and Promotion was published in the Official Gazette concerning an exemption from tax on investments in start-ups. The notification provides that for investments in share capital made by qualifying (angel) investors in qualifying startups, an exemption applies from the tax that is normally due on the amount of investme…
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