New Delhi : While giving great relief to the emerging entrepreneurs, the government has made some changes while giving relief in the definition of startup. In the startup companies, there will be a concession on the investment of up to Rs. 25 crore. Before that, if a total investment of up to 10 crores including Angel Investors in any startup, tax rebate facility was available to such startups.According to the earlier rules, Angel's investment should not be more than Rs 10 crores to get tax exemption. Commerce and Industry Minister Suresh Prabhu said in several tweets: "The shares issued by any eligible startups or the shares issued will be exempted from the total amount received from all the investors, up to Rs 25 crore." This step taken by the government is very important.New notification will be issued soonRecently, many startups had complained that they are getting tax notice on Angel Investments, which is affecting their business. The startups have sent them the notice sent under Section 56 (2) -7b of Income Tax Act 1961, in which they have been asked to pay the money received from Angel funds. The Minister said that under Section 56 (2) (Seven-B) of the Income Tax Act, a new notification that simplifies the process of getting discount on investment for startup companies will be issued soon. Industry and Internal Trade Promotion Department (DPIIT) will issue notification on Tuesday.Definition of startupIn order to diagnose the problem, the government has expanded the definition of startup companies to give tax concession and now they have made provision of tax concessions to Angel Investments up to Rs 25 crore. Now, any unit will be considered startup if its business is not more than 100 crore rupees in any financial year since registration. Earlier, the limit was Rs 25 crores. ' Apart from this, the investments made in a eligible startup by listed companies having a net worth of Rs 100 crore or Rs 250 crore beyond the limit of Rs 25 crore are also made under Section 56 (2) (Seven-B) of the Income Tax Act. Under the exemption will be given.Investment above the limit of 25 crores in eligible startup by the Migrants, Alternative Investment Fund-Category-I will also be exempted under this section. If a private limited company is recognized by the Industry and Internal Trade Promotion Department (DPIIT), then the startup will also be eligible for a discount under section 56 (2) (seven-B). That startup is not investing in a particular asset. However, under section 56 (2) (Seven-B) of the Income Tax Act, they will be eligible for a startup discount, who have not invested in real estate. Apart from this, the loans and capital support for vehicles and other units of more than Rs. 10 lakhs have not been given.Signed self-declaration required only to take advantageTo take advantage of the tax deductible, the eligible start-up will have to make a signed self-declaration before the DPIIT. DPIIT will send these announcements to the Central Board of Direct Taxes (CBDT). Prabhu said that under assessment of 56 (2) (Seven-B) of Income Tax Act, there will be no criteria for evaluating the shares for a discount on the investment in eligible startups. On this move by the government, Indian Angel Network co-founder Padamaja Ruperal said that this Angel will boost investment and help bring about the circulation of currency for startup companies. LocalSparks founder Sachin Taparia said that it will eliminate the major obstacles for startup companies..