News:The Finance Minister has proposed setting up of ‘Investment Clearance Cell’ for young entrepreneurs. Facts: About Investment Clearance Cell: The Investment Clearance cell will be a pan-India single-window clearance system …
Read MoreNews:According to the report ‘Indian Tech Startup Ecosystem – Leading Tech in the 20s’ by Nasscom,India continues to be the third largest startup ecosystem across the world. Facts: Key takeaways …
Read MoreThe Central Board of Direct Taxes (CBDT) has constituted a dedicated start up cell for addressing the specific problems related to Start-ups. The start up cell will be a five-member …
Read MoreFinance 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 …
Read MoreThe 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 MoreRecently,Domestic Small and medium enterprises(SMEs) and start-ups have written to Revenue Secretary.They have complained about the equalisation levy they have to pay to foreign companies for doing business in India. …
Read MoreThe 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 MoreThe government has relaxed the norms under the definition of Start-Ups. The changes brought in are: (a) The investment limit of angel investors to seek exemption under the Income Tax …
Read More1.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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