The dread of angel tax—which has agonised start-ups since it was introduced in 2012—has finally been put to rest. Finance minister Nirmala Sitharaman has proposed in her first Union Budget an easing of angel tax scrutiny.
The government has moved another step closer to the ideal of one-nation-one-all-purpose identity number by allowing use of Aadhar besides that of Permanent Account Number for filing returns.