Budget 2024: FM Sitharaman proposes to abolish angel tax for all investor class

Union Budget 2024-25: Finance Minister Nirmala Sitharaman on Tuesday proposed to abolish the angel tax for all investor classes while presenting the Union Budget for 2024–25. There were expectations that the removal of the angel tax for startups might be announced in the budget. A few days ahead of the budget, DPIIT Secretary Rajesh Kumar Singh had confirmed that the department called for the removal of the angel tax.