Swipe through the latest business and wealth clues with our android app

Over 70% startups in India have received angel tax notices: Survey

Over 73% of start-ups that raised capital between Rs 50 lakh to Rs 2 crore in India have received angel tax notice(s) from the Income Tax Department till date. This is as per findings of a survey conducted by LocalCircles and the Indian Private Equity & Venture Capital Association (IVCA). Around 30% of the start-ups have received three or more such notices, as per the survey, which included over 2,500 startups and entrepreneurs. Only 27% start-ups did not receive any angel tax notice for raising money.

Read More at Moneycontrol News date : 6 Feb 2019, Wednesday

©2019 TheNewsClues