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Rohit Jain

Angel Tax

I was recently speaking to some one in the ministry of commerce in delhi and they said they were aware of this problem of angel tax and they are hopeful that finance ministry could do something about it in budget.

They said they had received the localcircles survey where 40% startups said a tax notice was received by them. It was eye opener for ministry officials also he said. more  

Viewed by 580
Suresh Adina (Seasoned Entrepreneur, Mentor and Advisor, )
Did these 40% startups receive funding beyond their valuations? If so then the process is right. more  
Csn Sarma
Excise Duty bound industries only face the problem of shell down payment. Tax Holiday/Tax incentive for new industries will have to be supported for five years BUT, with a check of operating profit every year . more  
Shishir Kant (None)
Is paying the tax bad for start up, specifically when these have received comfortable funding? more  
Promode Kapoor (Holistic Healer)
Tax should be applicable as it makes a person Responsible.
Previous Government encouraged Corrupt Payback for which Incentives were Given more  
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