Accredited investors in start-ups may get exemption from angel tax: Report
29 April 2019 5:28 AM GMT
Accredited investors, like trusts, individuals, family member of a start-up and unlisted companies, may get exemption from angel tax.
- Funds start-ups receive from "accredited investors" may be exempted from angel tax if they comply with criteria on their net worth, an official said.
- "Accredited or genuine investors can invest any amount but we will make some criteria for that.
- There should be a linkage between investments and investors' net worth and certain income should be there," the official said.