DPIIT working on definition of accredited investors to boost investments in startups

DPIIT working on definition of accredited investors to boost investments in startups

  • The Department for Promotion of Industry and Internal Trade (DPIIT) is working on a definition of 'accredited investors', who could be provided tax incentives for investments in startups, an official said.
  • Currently, the government allows startups to avail full angel tax concession on investments up to Rs 25 crore.
  • It is dubbed as angel tax due to its impact on investments made by angel investors in startup ventures.
  • "We are seeking views of stakeholders on the definition of accredited investors.


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