Escape from angel tax delights start-ups
Finance minister has announced that angel tax will not be applicable on startups that are registered with the Department for Promotion of Industry and Internal Trade(DPIIT). The move is likely …
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CBDT eases plight of start-ups with pending angel tax cases
The Central Board of Direct Taxes(CBDT) has issued a circular on angel taxes on start ups. The circular has instructed income tax officers that registered start up companies that have …
Read MoreAngel investors get further relief
The government has announced that it will be mandatory to disclose holdings in unlisted companies while filing tax returns.This data will be matched with filings of startups which have been …
Read MoreCBDT yet to set up angel tax exemption infrastructure
The Central Board of Direct Taxes (CBDT) has not set up the back-end infrastructure required to automatically exempt registered start-ups from angel tax.However,CBDT has asked its officers to avoid taking …
Read MoreStartups to be listed for Angel tax exemption
1.The government on Friday agreed to compile a list of startups eligible for angel tax exemption, based on their audited financial statements and income tax returns of the previous year.2.The …
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