In a major relief to entrepreneurs and startups, Finance Minister Nirmala Sitharaman on Friday announced that the 'angel tax' provision will be withdrawn for startups and their investors. Announcing measures to boost the subdued economy, the Finance Minister said that Section 56 2(b) of the Income Tax Act will not be applicable on startups registered under the Department for Promotion of Industry and Internal Trade (DPIIT)
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Watch No Angel Tax for DPIIT registered startups: Nirmala Sitharaman With HD Quality.
In a major relief to entrepreneurs and startups, Finance Minister Nirmala Sitharaman on Friday announced that the 'angel tax' provision will be withdrawn for startups and their investors. Announcing measures to boost the subdued economy, the Finance Minister said that Section 56 2(b) of the Income Tax Act will not be applicable on startups registered under the Department for Promotion of Industry and Internal Trade (DPIIT)
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Watch No Angel Tax for DPIIT registered startups: Nirmala Sitharaman With HD Quality
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Nirmala Sitharaman ने Corporate tax पर छूट की भी की घोषणा | nirmala sitharaman press conference
गिरती अर्थव्यवस्था और बढ़ती बेरोजगारी को लेकर विपक्ष लगातार सरकार पर निशाना साध रहा है.,.लेकिन सरकार आर्थिक मंदी का ठीकरा किसी और पर फोड़ रही है...जिसके चलते पिछली दिनों सरकार की खूब फजीहत भी हुई...लेकिन अब इस मुद्दे पर चौतरफा घिरने के बाद मोदी सरकार नींद से जागती नजर आ रही है...जिसके मद्देनजर आज केंद्रीय वित्तमंत्री निर्मला सीतारमण ने बड़े ऐलान कर कारोबारियों को राहत देने की कोशिश की है...तो क्या किए वित्तमंत्री ने ऐलान,,,,इस रिपोर्ट में देखिए....
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The government has eased the procedure for startups to seek income tax exemption on investments from angel funds as part of efforts to address concerns of budding entrepreneurs, official sources said.
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The Centre will form a committee to resolve issues within the next 4-5 days concerning the levy of angel tax on startups, a senior official said on Monday. This was conveyed to the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Ramesh Abhishek, following his meeting here with over 50 entrepreneurs, startups and investors who voiced their concerns on angel tax.
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government is contemplating hike in the investment limit for availing income tax concessions by startups and provide a more clear definition for the purpose, sources have said. Officials of the department for promotion of industry and internal trade (DPIIT) and Central Board of Direct Taxes (CBDT) are holding series of meetings to find a solution of the angel tax issue being raised by startups.
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Modi Govt ने लगाया StartUps पर 28% GST, गुस्से में Atishi ने Nirmala Sitharaman की बजाई बैंड!
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Modi Govt ने लगाया StartUps पर 28% GST, गुस्से में Atishi ने Nirmala Sitharaman की बजाई बैंड!
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#crypto #blockchain #startup
Crypto Vs Blockchain Startup
There are many Indian companies working actively in the crypto space. India's crypto industry attracts foreign funds, but local investors remain wary. Cryptocurrency has seen tremendous growth in the last one year and from a consumer and technology standpoint, India is an important destination for cryptos. The venture capital companies including Sequoia Capital India, Lightspeed India, Elevation Capital and others are warming up to India’s cryptocurrency and blockchain industry. Several international funds such as Pantera Capital and Coinbase Ventures, and entrepreneur investors like Mark Cuban, have been investing in blockchain and crypto startups founded by Indians.
The absence of regulatory approval and the possibility of a blanket ban has, however, kept most Indian funds at bay, despite the heightened interest in crypto and blockchain. Despite the regulatory uncertainty and the volatility of cryptocurrencies, Indian start-ups in the space saw funding grow 73% in the first six months of calendar 2021 compared to the whole of 2020.Total funding year-to-date in 2021 stood at $50.03 million against the $28.85 million raised by cryptocurrency-based start-ups in 2020, according to data from Tracxn. A report says, the lockdown in 2020 had led to increased activity in the cryptocurrency market as retail and institutional investors turned to this investment avenue as volatility hit the stock market. Blockchain faces hurdles, including volatility in cryptocurrency pricing and confusion and misunderstanding from many consumers about the technology and related financial services, experts say.
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वित्त मंत्री Sitharaman के पति ने मानी मंदी | Nirmala Sitharaman के पति प्रभाकर की सरकार को सलाह |
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गिरती विकास दर और बढ़ती बेरोजगारी ने अर्थव्यवस्था को उस हाल में पहुंचा दिया है, जहां जनता बेहाल हो रही है...लेकिन वित्तमंत्री निर्मला सीतारमण नाकामी मानने को तैयार नहीं है, मगर उनके पति और आंध्र प्रदेश सरकार के पूर्व संचार सलाहकार पराकला प्रभाकर ने माना है कि...अर्थव्यवस्था सुस्त पड़ी है...इसीलिए उन्होंने सरकार को मनमोहन सिंह की नीति अपनाने की सलाह दी है
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