Rahul woos startups: no angel tax, no permits needed for 3 years | Editorji
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Rahul woos startups: no angel tax, no permits needed for 3 years

Mar 28, 2019 22:47 IST

Trying to win over entrepreneurs in the country ahead of the Lok Sabha polls, Congress president Rahul Gandhi, in an interview to PTI said, startups will not require any regulatory permits for three years if the Congress is voted to power. Rahul also promised to remove the existing 'angel tax' that is imposed on startups. The angel tax levied on investments in startups is currently at 30%. Rahul said he will free the domestic industry from the clutches of red tape.

National