However, this doesn't mean that Angel Tax has been abolished entirely.
Finance Minister Nirmala Sitharaman announced that startups and their investors who file requisite declarations and provide information will not be subjected to any kind of scrutiny in respect of valuations of share premiums.
However, this doesn't mean that Angel Tax has been abolished entirely.Sakshi Batra chats with Moneycontrol's Priyanka Sahay to find out how the new announcements will affect the startups in India.The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .