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angel tax startups: Founders facing down rounds wary of impact on angel tax

A founder who is in the middle of raising a down round said the threat of getting I-T notices has gone up especially after the government brought overseas funds under ‘angel tax, or Section 56(2)(viib) of the Income-Tax Act, 1961, from 2023-24.
Uttar Pradesh Girish Vanvari Tushar Sachdev Indian School Of Business Northwestern University Programme In Data Science

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