User talk:Startindiaup

In April of the recent year, the Government of India issued a notification of tax exemption for Start-ups who comes under section 56 of Income Tax Act, in cases where Angel Investors does not exceeds Rs.10Cr after the approval of Inter-Ministerial board and valuation certificate by merchant banker. But the following criteria are to be met. •	The share premium and paid up capital of the start-up should not exceed Rs.10 crore after issuing shares. •	The procurement of the fair market value of the start-up should be certified by a merchant banker. •	The average income of the investor in the last 3 financial years should not be less than Rs.50 lakh •	Also the investor should have a minimum net worth of Rs.2 crores. •	The start-up should have received approval from 8 member inter-ministerial board for angel tax exemption. For better insight about Angel Tax in India,Read More.