The extension of angel tax rules to investments by non-residents has raised concerns over the valuation of start-ups and sparked fears of calls from tax authorities. The industry is hoping that this decision will be reviewed - Issue Date: Jan 21, 2024
Data from Venture Intelligence shows 2023 recorded a massive drop in terms of deals with announced values so far, compared to last year, with the biggest drop being in terms of inbound deals. But though geo-political issues are dampening cross-border investments, M&A activity is poised for an upward trend by the close of the financial year.
Experts have also sought clarity on whether such apps will be regulated by the Ministry of Information and Broadcasting (MIB), Department of Telecommunication (DoT) or in some cases Ministry of Electronics and Information Technology (MeitY). Regulation by multiple government organisations may increase their compliance burden.
Draft Broadcasting Bill: Experts have also sought clarity on whether such apps will be regulated by the Ministry of Information and Broadcasting (MIB), Department of Telecommunication (DoT) or in some cases Ministry of Electronics and Information Technology (MeitY). Regulation by multiple government organisations may increase their compliance burden.