Union Budget 2024: Angel Tax Removed: Big Boost for Indian Startups! What’s Next?
The budget (Union Budget 2024) has abolished the angel tax. Yes, now the startup ecosystem has received a significant booster shot! What will happen because of this? Let me explain. With this, more venture capital funds and investors will be ready to support early-stage startups. This is a bold move that addresses a longstanding concern of the startup community. Now that this major hurdle has been removed, raising capital has become easier. There is no doubt that domestic and foreign investments in Indian startups will increase. We are anticipating that this change will bring a new wave of entrepreneurial activity and investment opportunities in India. Aligning with the government's budget roadmap, Planify aims to significantly contribute to the growth of both the startup ecosystem and the broader economy. So, get ready for new startups and new ideas!
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