To promote startups & allow youngsters to engage in this process even more, the government has come up with quite a few significant benefits.
Here are the various tax exemptions and incentives available under Startup India.
The government of India has introduced various tax incentives for startups to flourish in India, which includes tax rebate for a 3-year period.
Angel tax is charged at the maximum marginal rate of 30%. This affects the investor as well as the receiver as they are losing almost one-third of the investment in taxes.
RBI has set up 21 ombudsman offices to facilitate the settlement of complaints regarding digital transactions.