Indian Government To Tax Angel Funding

kousik writes "The Indian Government proposes to tax Angel Investment as income and is asking start-ups to pay a 30% tax on the funding. From the article: 'Ravi Kiran, co-founder of middle-India advisory Friends of Ambition (FoA) and member of Indian Angel Network told Firstpost: “There seems to certainly have been an error in understanding on the part of the Budget makers. If this is pushed through, it will spell serious trouble for the angel investor and entrepreneurship space. I feel this is an error and should be corrected quickly before it leads to confusion.”'"

Comments

Slashdot rewards STUPID moderators

[gavron]

Finally someone posts a succinct and informative financially correct explanation assets, equity, liabilities and debt.
What does he get modded: 2.

moderators: Instead of following each other like lemming looking for the Heh Heh (Nelson Muntz) posts,
and modding everything that bores you down... if you can't be bothered to understand the topic, just leave it alone
and go mod something you do understand. Toilet humor and all that are that way --->

The parent is correct, informative, and on-topic.

You see, dear mods who modded it down, you're affecting future slashdot readers' ability to read this very
informative post. You make slashdot worse.

Remeber what Larry Niven said -- Think of it as Evoution in action. Take the right step, and step off.

E