Suresh Prabhu: Resolving issues on Angel tax
  • WebDesk BTVI
  • Feb 19 2019

To provide these tax concessions the Ministry of Commerce has relaxed the definition of startups. Now, an entity shall be considered as startup if its turnover for any of the financial year, since its incorporation or registration, has not exceeded Rs 100 crore instead of the existing Rs 25 crore, said Commerce and Industry Minister Suresh Prabhu in a tweet.