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    Budget 2024: Centre abolishes angel tax in a major boost for startup ecosystem

    Budget 2024: The Section 56 (II) (viib) of the Income Tax Act, known as angel tax, is applicable on any consideration of issue of shares that exceed the fair value of these shares issued by a privately-held company.

    ET Explainer: What is angel tax and why has govt scrapped it?

    FM Nirmala Sitharaman announced the abolishment of angel tax. Angel tax refers to the income tax levied by the government on funding raised by unlisted companies, or startups, if their valuation exceeds the company's fair market value. Read on to know more

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    Budget 2024: Angel tax abolished, capital gains parity for VCs

    The startup ecosystem has much to cheer about from the budget – from nixing the angel tax to slashing TDS for ecommerce operators and plans to set up export hubs, among other measures. We decode the fineprint of Budget 2024 in today’s ETtech Top 5.

    More fintechs flip back; IT freshers hiring revival

    Happy Tuesday! Lending startup Kreditbee has moved its domicile from Singapore to India. This and more in today's ETtech Morning Dispatch.

    Economic Survey: Tech startups surge post Covid

    India’s tech startup landscape underwent a dramatic change after the Covid-19 pandemic, the Economic Survey noted. This and more in today’s ETtech Top 5.

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