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Pankaj Jain 🖖 Profile picture
Pankaj Jain 🖖
@pjain
Managing Partner @SakaVentures. NYC & India. Investing in seed startups targeting large global markets. Previously @500GlobalVC, @TLabs, @SSCGlobeOp.
Feb 8, 2019 • 10 tweets • 7 min read
1/ Most people have been watching in shock as the story of dreaded #AngelTax reared it's disgusting head. Freezing the accounts of startup @Travelkhana and @babygogo_in has resulted in an uproar across India's startup community, calling for #ShutdownIndia 2/ Though the Central Board of Direct Taxation (CBDT) has released a circular claiming that the officer in charge of this particular case did everything by the book. Founder of @Travelkhana, @pushpinder has disputed the story, claiming the officer rushed the case through.