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In India, a new income tax law comes into effect. It is a significant change on the old 1961 statute, and contains a controversial "angel tax" provision seeking to capture some of the income entering the country from foreign investors funding India's start-ups.

Sources:  Bloomberg Tax


Changes

  1. In India a new income tax law comes into effect on this day. It is a significant change on the old 1961 statute, and contains a controversial "angel tax" provision seeking to capture some of the income entering the country from foreign investors seeking to fund India's start-ups.
  2. In India a new income tax law comes into effect. It is a significant change on the old 1961 statute, and contains a controversial "angel tax" provision seeking to capture some of the income entering the country from foreign investors funding India's start-ups.
  3. In India, a new income tax law comes into effect. It is a significant change on the old 1961 statute, and contains a controversial "angel tax" provision seeking to capture some of the income entering the country from foreign investors funding India's start-ups.

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