Government gives relief to start-ups by relaxing Angel Tax norms
Indian start-ups can now take a sigh of relief after the government has eased norms for them. As per the norms, the investment limit has been increased to Rs 25 crore now, for availing income tax concessions by startups. Presently, start-ups were able to avail tax concession only if their total investment, including funding from angel investors, does not surpass Rs 10 crore. This will be informed to start-ups soon.