In a major development, the government has announced tax relief for non-resident investors in Indian startups. With the exemption of angel tax for investments from certain countries, including the US, UK, and France, the move aims to encourage foreign investment in the thriving startup ecosystem. However, concerns have been raised about the exclusion of key FDI source countries like Singapore, Netherlands, and Mauritius. This blog explores the impact of the government’s decision, the broader implications for the startup sector, and the challenges that lie ahead. Read on to understand how this tax exemption is set to shape the future of Indian startups and attract more global capital.