DPIIT working on definition of accredited investors to boost investments in startups
31 March 2019 7:55 AM IST
The department, under the commerce and industry ministry, has already prepared a draft definition and is now seeking views of stakeholders.
- 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.
Next Story
