Can the End of Angel Tax Really Ease Startups' Challenges?

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Abolition Announcement

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Mohandas Pai's Call for Action

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Pending Cases Issue

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Concerns About Past Investments

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Legal and Expert Opinions

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Future Implications

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Angel Tax Is Dead But Pending Cases Must Be Quashed: Mohandas Pai

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Can the End of Angel Tax Really Ease Startups' Challenges?

Abolition Announcement

Finance Minister Nirmala Sitharaman abolished the angel tax, bringing relief to startups and investors.

Mohandas Pai's Call for Action

Pai urges the government to quash all pending cases under the angel tax regime to support the startup ecosystem.

Pending Cases Issue

Over 10,000 startups sought exemption; only 8,066 were granted, leaving many cases unresolved.

Concerns About Past Investments

There are worries about startups that raised capital in previous years still facing tax notices.

Legal and Expert Opinions

Experts suggest less stringent handling of pending cases and possibly a scheme to resolve disputes.

Future Implications

With the tax abolished, startups can now attract international funds without tax-related fears.

Angel Tax Is Dead But Pending Cases Must Be Quashed: Mohandas Pai