The Indian Budget 2024 sparked mixed reactions on social media, with some applauding the abolition of Angel Tax while others criticized the increased taxes on Long-term Capital Gains (LTCG) and Short-term Capital Gains (STCG). The changes have ignited a debate about the impact on the middle class and the overall economy.
Results for: Angel Tax
India’s Finance Minister Nirmala Sitharaman has announced the removal of the Angel Tax, a controversial tax levied on capital raised by unlisted companies. This decision aims to create a more favorable environment for startups in India by eliminating a major hurdle to funding.