Akshata Sharma
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The Centre will make efforts to resolve all the pending angel tax cases to provide relief to startups, Finance Minister Nirmala Sitharaman said
The finance minister said that there cannot be a situation where the angel tax has been abolished but old cases related to it continue "to hang fire".
Talking about the abolishment of the angel tax, Nirmala Sitharaman said that the provision was acting as a hindrance to the growth of the startup ecosystem.
While the startup ecosystem lauded the move to remove angel tax, many raised concerns about the pending angel tax cases being faced by startups.
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