ENA Sectors 2024-07-23 13:02:28 <p><span style="font-size:14px"><strong>New Delhi, Jul 23 (KNN)</strong> In her Union Budget speech for 2024, Finance Minister Nirmala Sitharaman announced a significant change to boost the startup ecosystem in India. The government has decided to remove the angel tax for all investors.</span></p> <p><span style="font-size:14px">This move is expected to encourage more investment in startups by eliminating a major financial hurdle. The angel tax, which was previously applied to investments in startups, had been a point of contention for many investors and entrepreneurs.</span></p> <p><span style="font-size:14px">The removal of this tax is likely to increase funding opportunities for startups, attract more domestic and foreign investors, and simplify the investment process.</span></p> <p><span style="font-size:14px">Industry experts believe this decision will provide a substantial boost to India's growing startup sector and foster innovation across various industries.</span></p> <p><span style="font-size:14px">The Finance Minister's announcement aligns with the government's ongoing efforts to promote entrepreneurship and create a more favorable business environment in the country.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38710 https://knnindia.co.in/news/newsdetails/sectors/finance-minister-removes-angel-tax-for-all-investors-in-union-budget-2024 2024-07-23 13:02:28 knnindia.co.in