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Govt may raise investment limit of angel tax concessions for startups

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government is contemplating hike in the investment limit for availing income tax concessions by startups and provide a more clear definition for the purpose, sources have said. Officials of the department for promotion of industry and internal trade (DPIIT) and Central Board of Direct Taxes (CBDT) are holding series of meetings to find a solution of the angel tax issue being raised by startups.

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