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by kranner 2336 days ago
Angel Tax was not 'ended'. There are still many conditions under which it is still applicable, governing both who can invest in a startup and how the startup can spend its money. [1]

A bigger issue which is still applicable today is that long term capital gains tax on startups and other unlisted companies is still 28.5%, while for listed stocks it is 10%. [2]

There are some exemptions announced today for foreign investments until 2024 with a lock-in period of 3 years. [3]

[1] https://yourstory.com/2019/08/angel-tax-startups-angel-inves...

[2] https://www.business-standard.com/article/companies/higher-l...

[3] https://www.livemint.com/budget/news/budget-2020-full-text-o...