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New tax returns: Angel investors get further relief

The moves initiated through the tax return forms come after the revenue department got down to clearing the clutter on the issue that had been bothering several investors in startups. With investors getting notices from tax authorities for acquiring shares at a hefty premium in companies, the finance ministry as well as the department for promotion of industry and internal trade allowed more investors to invest in startups without being subjected to questioning in future.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2D519kb

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