IAN Group Celebrates Angel Tax Removal in Union Budget 2024
With the good news of angel tax removal for all classes of investors, it has brought hope and happiness to many young ventures and investors.
For over 11 years, IAN Group (formerly Indian Angel Network) co-founders Dr. Saurabh Srivastava and Padmaja Ruparel have advocated for the removal of the angel tax. IAN Group (formerly Indian Angel Network) commends the Finance Ministry for the Union Budget 2024, which has provided a significant boost to the entrepreneurial ecosystem of India.
“This is truly awesome… Thank you Finance Minister for listening to startups and investors. Funding sources will open up wider and startups will be able to use 100% of their cash flows to build their businesses. This will bring a huge impetus to the growth of our startups,” noted Padmaja Ruparel, Co-Founder, IAN Group (formerly Indian Angel Network).