Government relaxes norms, investment limit for angel tax concession to startups

"An entity shall be considered as  startup  if its turnover for any of the financial year, since its incorporation or registration, has not exceeded Rs 100 crore instead of the existing Rs 25 crore," the official said.

Government relaxes norms, investment limit for angel tax
The development assumes significance as several startups have claimed to receive angel tax notices, impacting their businesses. Reuters

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