Over 7,000 cash-starved start-ups may benefit from angel tax relief
A series of changes made to the so-called angel tax by the government could give wing to 7,000 cash-starved start-ups, sources in the Department for Promotion of Industry and Internal Trade (DPIIT) said. According to industry observers, an investment of around $12 billion might come from 2,000 angel investors and hundreds of smaller backers of …