Angel tax not applicable to startups: DPIIT secretary


Content Team
Image Credit: Inc42

While India’s startup ecosystem debates over the reintroduced Angel Tax, according to Anurag Jain, the secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), Angel Tax would not apply to startups in India. The tax will help level the playing field for domestic investors that is tilted in favour of foreign investors, said the government official. “