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    Nasscom proposes start-ups be exempt from direct, indirect taxes

    Nasscom also sought steps to increase investments in start-ups. New Delhi: Software lobby Nasscom on Wednesday proposed that all start-ups be exempted from direct and indirect taxes to reduce compliance burden and cash outflows. In its pre-budget recommendations submitted to the finance ministry, Nasscom also demanded removal of so-called angel tax levied on capital receipts. […]