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Angel tax Provision Extended To Foreign Investors Hit To Startups? | Start Up Central

The government in its FY24 budget announced the extension of the Angel Tax provision to foreign investors, as opposed to only Indian investors earlier. This development could come as a huge hit for startups and lower their chances of getting funds, amid the already drying taps. According to experts, this premium on valuation could even lead to litigation between the companies raising funds and tax authorities. As we all know, Indian startups largely rely on foreign venture capital to lead their growth-stage (also known as seed stage) funding rounds. How big of an obstacle is this for founders? ET NOW's Avanne Dubash speaks with veteran T V Mohandas Pai to understand it better. Tune in to #StartupCentral for more. #startups #angeltax #foreigninvestors Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com