Angel Tax scrapped: Detailed FAQ on the tax structure & how it’ll pan out

With angel tax being scrapped off in this year’s Union Budget, the startup ecosystem and investors are much relieved and predict that this will further boost both domestic and foreign investments into the ecosystem. ETBFSI spoke to a few investors and brings to its readers a comprehensive view on this tax scheme which was introduced in 2012, what the current structure is like, how the tax is calculated and how it will pan out in future.