Taxation

Startups Related Taxation Issues Must be Resolved: Suresh Prabhu Urged Arun Jaitley

“This is one of the key issues affecting investment into early-stage startups, commonly referred to as angel tax. This issue has been a major impediment in the flow of investment into startups,” Suresh Prabhu has said. At the initial stage of a startup, angel investors play a significant role by not just providing necessary resources but also business mentoring. They are a critical bridge between founders’ own resources and mainstream venture funding.