Budget '12 - Angel tax, a burden on young entrepreneurs
Sunday, April 8, 2012
Angel tax, as per Budget 2012,
@ 30%,
on Angel Investments,
under "Income from other sources",
w.e.f. 01 April 2013.
It is applied to curb Black Money being pumped into economy.
Will it prove burden on young entrepreneurs?
If Yes then How?
BUT
Before this, a complete understanding of it is required like:
What are Angel Investors?
What Investments are to be taxed?
Wait for next post with details, on supra, bit by bit...
Next post >> Angel Investor, who is?
@ 30%,
on Angel Investments,
under "Income from other sources",
w.e.f. 01 April 2013.
It is applied to curb Black Money being pumped into economy.
Will it prove burden on young entrepreneurs?
If Yes then How?
BUT
Before this, a complete understanding of it is required like:
What are Angel Investors?
What Investments are to be taxed?
Wait for next post with details, on supra, bit by bit...
Next post >> Angel Investor, who is?
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