NAVIGATING ANGELTAX: DEFY AND OPPORTUNITY FOR INDIAN START-UPS

Shantkumar A.  Bangundi

doi:10.29121/shodhkosh.v5.i6.2024.3952

Authors

Dr. Shantkumar A. Bangundi Associate Professor and HOD, Department of Commerce Government First Grade College-Humanbad, Dist Bidar- Karnataka State - India 585 330

DOI:

https://doi.org/10.29121/shodhkosh.v5.i6.2024.3952

Abstract [English]

India is home to the world’s 3rd largest start-up ecosystem and has produced a plethora of successful start-ups in the past decade, including BOAT, PAYTM, and OLA. However, the resurgence of the Angel Tax may hinder current growth and prevent India from reaching its goal of becoming the largest start-up ecosystem in the world by 2030. This paper explores impact of Angel tax on Start up in Indian context. Angel tax, introduced aims to curb tax evasion and money laundering. However, its impact on Indian start-ups has been debated. This paper examines the effects of angel tax on start-up funding, growth, innovation, and job creation in the Indian economy over a period of 4 years.

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