Angel Tax
Angel tax has been at the forefront of the concerns highlighted by the country’s start-up ecosystem as the fund raised by these companies came under the purview of taxation.
Elimination of angel tax to uplift sentiment in the start up community
27 Aug 2019 10:07 AM

These steps shows government’s resolve towards ease of doing business in India and encourage entrepreneurship.

CBDT circular with this effect 'brings in more safeguard by requiring assessing officers to procure his or her supervisor's consent before starting on any inquiry under the angel tax provision against a start-up company which has not got DPIIT approval,' S. Vasudevan, Partner, Lakshmikumaran & Sridharan said.
CBDT's procedure for pending angel tax assessment cases to help startups: Experts
16 Aug 2019 10:18 AM

Government is seeking to calm the nerves of startups worried about angel tax.

The move followed after certain startups complained about facing harassment and the taxman breathing down their neck on the angel tax issue.
Relief for startups: CBDT lays out procedure for pending angel tax assessment cases
09 Aug 2019 9:31 AM

More than 540 startups have received exemption from angel tax so far.

The legacy issues are being dealt with separately. Those are more of administrative nature, we are already working on that," Mody said.
New administrative mechanism to resolve startup legacy issues
10 Jul 2019 2:05 AM

In future, there should not be any cause for friction or concern in the minds of startups.

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