Startups in India are calling for an increase in the exemption limit for angel tax. The tax has been a burden for early-stage investments, as it increases the tax liability for unlisted companies.
The Indian government has already increased the exemption limit for startups to Rs 50 crore, and a dedicated cell has been established to resolve angel tax grievances. These measures are expected to provide relief to startups and promote investment in the sector, encouraging growth in the Indian startup ecosystem.
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