UPSC CURRENT AFFAIRS – 20 June 2024 covers important current affairs of the day, their backward linkages, their relevance for Prelims exam and MCQs on main articles InstaLinks : Insta Links help you think beyond the current affairs issue and help you think multidimensionally to develop depth in your understanding of these issues. These …
Source: IE Context: The Confederation of Indian Industry (CII) has recommended removing the ‘Angel Tax’ to boost capital formation, citing its negative impact on start-up funding. What is Angel Tax? Angel Tax, introduced in 2012 under the Income-tax Act, 1961, is levied on the capital raised by unlisted companies through the issue of …
GS Paper 3 Syllabus: Indian Economy and issues relating to Planning, Mobilization of Resources Source: IE Direction: The article focuses on angel investors and how concerned they are about the proposed changes to the angel tax. Context: According to a proposal made in the Finance Bill, 2023, foreign/angel investors may be required to …
Continue reading “Why proposed change in Angel Tax has rattled Indian start-ups?”
