Angel tax was on investments, such inflows should not be taxed: DPIIT Secy

The DPIIT Secretary stated that the angel tax, previously applied to investments, should not impact inflows into start-ups. This taxation issue has affected investor confidence and start-up funding, with the DPIIT advocating for a more supportive regulatory environment. The intention is to foster a favorable ecosystem for start-ups by removing such tax barriers, which will help attract investments without added fiscal burdens. The focus is on ensuring that investment inflows into start-ups are not hampered by tax concerns, aligning with efforts to improve the ease of doing business and support entrepreneurial growth.