Monday, July 29, 2024

Removal of angel tax for startups to help attract investors: Piyush Goyal

Angel tax (income tax at 30% rate) was imposed on funding raised by unlisted companies, or startups, if their valuation exceeded the company's fair market value.

from Tech-Economic Times https://ift.tt/9CVn3Dq

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Google's Jeff Dean launches AI startup Discovery Loop

Announcing the venture on X, Dean wrote, "We are founding Discovery Loop... a Public Benefit Corporation whose mission is to automate m...