Easing of angel tax scrutiny cheers startups
The announcement of doing away with angel tax scrutiny for those who file all requisite declarations is a step in the right direction, say startup founders.
The announcement of doing away with angel tax scrutiny for those who file all requisite declarations is a step in the right direction, say startup founders.
Startup investors and founders expect the NDA government’s startup policies such as Startup India and Digital India to continue unabated. However, clarity on angel tax is still needed.
The definition of startups has been widened, union minister Suresh Prabhu said on Twitter.
The B2B food startup will use the funds to support its growth in India and fuel the company’s expansion into the South East Asian market.
GrowthStory was started by K. Ganesh and Meena Ganesh in 2011 to build businesses to solve India specific issues. Today, the ventures promoted by the husband-wife duo are valued at $1.6 billion.