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Budget 2019: Government Likely To Maintain Status Quo On Angel Tax, Says Report
04 Jul 2019, 10:13 PM IST 
The government in February relaxed the definition of start-ups to encourage budding entrepreneurs
The government is likely to maintain a status quo on angel tax for start-ups in the Union Budget to be presented on July 5, according to sources. The issues were taken care of in February this year, they added. It indicates no change in Section 68 of the Income Tax Act, 1961, under which any unexplained funding raised by a start-up can be held as income and taxable. Many start-ups, including those from the software industry, are seek...
