Tag: Income

Angel investors in start-ups get income tax exemption

An angel investor is the one who put funds in a startup when it is taking baby steps to establish itself in the competitive market. The tax department…

Xiaomi Promises to Cap Hardware Income Margin at 5 Percent Ahead of IPO

Chinese smartphone and smart device maker Xiaomiwill cap income from its hardware business at 5 percent of total profits starting in 2018, as it looks to position itself as…

How AgriTech Startups Can Further Add Up To The Government’s Mission To Double Farmers’ Income By 2022

The agriculture sector is the largest employer in Indian economy. India ranks second worldwide in farm output. The sector accounts for 18% of India’s Gross Domestic Product (GDP)…

Do Not Act Tough With Startups To Recover Pending Taxes, CBDT Tells Income Tax Department

New Delhi: The CBDT has directed the taxman not to undertake “coercive” steps in recovering pending taxes from startups under a specific provision of the Income Tax Act, a…