Angel tax haunts startups again despite govt pledge - Times of India
India Business News: BENGALURU: Angel tax is haunting startups again.
- Over the past few weeks, several early-stage startups have received notices from the tax department to clear taxes on the angel funding raised by them.
- Some have also got letters levying penalty on the tax not paid.
- wondered a Bengaluru-based startup founder who recently got a notice from the CBDT.
- I had raised small angel amounts from two investors and got a notice a few days ago.