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When courts give tax breaks Want this newsletter delievered to your inbox? SUBSCRIBE We ll soon meet in your inbox. / Morning Dispatch startups have asked to be exempted from the so-called ‘ angel tax’. Now, a ruling by the Delhi High Court could protect all startups from this 30% tax, provided they stick to tried-and-tested ways of calculating their valuations. Elsewhere in today’s letter: Incoming: Social media tax Delhi High Court gives startups a (tax) break It’s no secret that, for a variety of reasons, many startups are overvalued. But the Delhi High Court has refused to tar them all with the same brush.

Andhra pradeshPravin raoNarendra shyamsukhaJanhavi nilekaniInfosys esopsDinesh kanabarSheila murthyNilanjan royNirmala sitharamanSalil parekhTanush nilekani chandraKrishnamurthy shankarPranab mukherjeeKeyur joshiNandan nilekaniDepartment for promotion of industry