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blockchain safe india tax saving ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly! In the Union Budget 2024-25, Finance Minister Nirmala Sitharaman abolished the angel tax to aid startups amid a funding slump.

The 'eligible startup' definition expanded; DPIIT recognises 1,17,000 startups with turnover limits.

2023 funding dropped to $8.8 billion from $25 billion in 2022, with only two new unicorns emerging.

India's startup ecosystem is the world's third largest.

Nirmala Sitharaman's first budget for Modi 3.0, tabled in Parliament, proposes reducing TDS on e-commerce from 1% to 0.1%, merging tax exemption regimes, decriminalizing TDS delays, reviewing customs duties, and ending the Equalisation Levy by August 2024.

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