Abolishing Angel Tax and Reducing Corporate Rates to 35% to Transform India’s Investment Landscape

In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman unveiled significant reforms aimed at invigorating India’s startup ecosystem and attracting foreign investment. Central to these reforms were the abolition of the Angel Tax and the reduction of the corporate tax rate for foreign companies to 35%. These measures, while seemingly distinct, are intricately linked, collectively […]