business

Big Budget Countdown: Tax heat on start-ups

The union budget is upon us and start-ups in India have one key demand: clarity on taxation. Over the last few days a slew of companies have been hit with tax notices and most of these cases relate to fund-raising by start-ups. At the core of this issue is the "angel tax" clause introduced in the income tax act in the 2012 budget.

first published: Jan 4, 2018 07:48 pm