Tag: Pending

Startups get a breather! Tax authority eases norms for pending angel tax assessments

Following through on Finance Minister Nirmala Sitharaman’s Budget promises to resolve issues plaguing startups, the Central Board of Direct Taxes (CBDT) has issued a circular relaxing its assessment…

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

New Delhi:┬áThe 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…