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File Tax Returns
File Tax Returns
On 24th May 2018, the Indian government acknowledged a long-standing demand of the startup community in the country, announcing that the angel investors would receive a total exemption on the investments in the startups. Angel investors were taxed heavily, even when the foreign investors and venture capital firms were exempt from it.
Angel Investor is one who invests his money in a startup while it is still finding its feet and still struggling to establish itself in the marketplace. Up until now, an angel tax of more than 30% was levied on the funds invested by the individuals in an unlisted firm at the share price above the fair market value.
Usually, around 300-400 of the start-ups fund themselves with the angel funding in a year. The Income Tax Department has exempted the Angel investors, subject to specific conditions that are laid down by the Indian Department of Industrial Policy and Promotion (DIPP), which has offered substantial relief to early-stage investors.