The basis of the angel tax is that the additional investment received by the startup is regarded as income. And so, as per Indian income tax rules, the Angel Tax Law, the startup must pay a tax if the investment made by an angel investor is done at a higher valuation than the fair market value (FMV).
Opinion | How Will the Proposed Expansion of Angel Tax Methods Benefit Startups Read More »
Successful Indian startups, he said, are moving to the US because the Indian market itself is not sufficiently large for these companies to find enough big customers. However, in US, the market is in trillions. The Indian internal software market, on the other hand is in the USD 10-20 billion range, he noted.
Gaming startups and companies have come together to propose at least two self-regulatory bodies (SRB), the details of which will be submitted to the Centre by the end of this week, sources in the know of the development told ET.
Gaming startups team up for two regulatory bodies; to discuss with govt by end of week Read More »
Emerging Indian interior startups are carving out a prominent position for themselves, not only domestically but also on the global stage, signifying a rising trend. The potential for these startups is immense, owing to the exponential growth in the demand for interior design services.
Global management consulting and strategy advisory firm Zinnov and venture capital firm Chiratae Ventures on Tuesday marked down 2026 revenue projections of the Indian software-as-a-service (SaaS) startups from Rs100 billion to Rs26 billion in its latest annual report on the space.
2026 revenue forecast for SaaS startups plunges 74% to Rs26 billion Read More »
“There has been an increase in the number of instances of ransomware cases across critical sectors,” the RBI informed the committee chaired by former minister of state for finance Jayant Sinha.
Rise in Ransomware Cases in Banks, RBI Tells House Panel Read More »
RBI’s rate-setting panel likely to hold rates in this week’s review: R Dinesh Capital expenditure by the private sector is set for a much more broad-based resurgence this fiscal than in recent years, ushering in a virtuous investment cycle to stir economic growth, RDinesh, president of Confederation of Indian Industry (CII), has said.
Private Capex to See Broadbased Revival in FY24, says CII Chief Read More »
The firms represented at the meeting included Chase India , Razorpay, PhonePe, CRED and QNu Labs as well as Nasscom , a premier trade body and chamber of commerce of the tech industry in India. Cyber-crimes have become an increasing threat with savvy online operators resorting to various tricks to defraud people of their money.
Parliamentary panel on finance debates cyber security, rising white collar crimes Read More »
In an analysis of the PDF Toolbox extension (2 million downloads) available from the Chrome Web Store, cybersecurity researcher Wladimir Palant found code that was disguised as a legitimate API wrapper.
Google removes malicious Chrome extensions from Web Store Read More »
The huge surge in demand for AI servers catapulted chip designer Nvidia, albeit briefly, into the Rs1 trillion valuation club. Foxconn s latest AI servers also use Nvidia chips. In 2016, Foxconn and Nvidia formed a partnership to develop servers that offer artificial intelligence capabilities.
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