The full budget for the financial year 2024-25 has proved to be great for the startup ecosystem in the country. In this budget, Finance Minister Nirmala Sitharaman proposed the abolition of angel tax, which will prove to be very beneficial for the startup world.
While presenting the full budget for 2024-25 and the first budget of the third term of the Modi government, the Finance Minister said in his budget speech – It is proposed to abolish angel tax for all investor classes. This means that now every category of investors is going to get relief from angel tax.
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