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Not a good time for start-ups in India, Angel tax was a pain: Survey

You must have thought that it was a good time for start-ups to grow but this isn't true as per a survey conducted by LocalCircles. The survey said that the present time is not in favour of start-ups and SMEs due to the pain of Angel Tax. Nearly 32% of the startups have got multiple income tax notices, which has seen a decline of just 1% from 2017. Talking about Startup India scheme, only 18% startups benefited from it.