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Complex tax system big reason for Indian startups' exodus: Report Bengaluru: A complex unfriendly capital gains tax system is a big reason why many Indian start-ups have relocated their headquarters outside India, according to a report on direct tax administration brought out by Bangalore Chamber of Industry & Commerce (BCIC.) India has seen seminal reforms
The Income Tax department is expected to soon come out with certain draft rules to specify the class of investors and norms of valuation of foreign investment in unlisted companies.
The 'angel tax' provision in the Finance Bill will not impact startups in India, a senior government official said on Tuesday.
Budget Special: Crypto’s giant leap and other highlights : Rashtra News #Budget #Special #Cryptos #giant #leap #highlights For years, India’s crypto companies and investors have been bracing for a ban on these digital assets. Today, the industry had its ‘giant leap’ moment when Finance Minister Nirmala Sitharaman announced a 30% tax on cryptocurrencies.Also in this […]
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