Tag: Tax Page 1 of 2

Angel tax breather: Startups issued assessment order even before Feb 19 exempted from levy

The Income Tax (I-T) Department has exempted start-ups from paying angel tax even if the assessment was made before February 19. Earlier, this relaxation was given to start-ups…

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…

541 startups have been granted angel tax exemption: DPIIT secretary

DPIIT secretary Ramesh Abhishek took to Twitter to share an update: the Department of Promotion for Industry and Internal Trade (DPIIT) has granted exemptions to 541 startups from…

Startups get angel tax breather: 277 startups secure all-clear from Income Tax department

New Delhi: As many as 277 startups have got an all clear certificate from income tax department, shielding them from the what has been popularly dubbed as the angel…

When is a company considered a startup and what is angel tax?

Recently, the government relaxed several rules related to startups and levy of angel tax on funds raised by startups. According to the new rules, an entity will be considered a startup up…

I-T dept exempts about 120 startups from angel tax net

New Delhi: The income tax (I-T) department has informed about 120 startups that they are exempt from paying taxes on funds raised from angel investors. The intimation, sent to…

Relief for startups caught in angel tax imbroglio, DPIIT, CBDT hold discussions on demands

NEW DELHI: India’s tax officials will take into account the new policy framework for startupsthat was announced on February 19 and not press ahead with showcause notices that have already been issued, providing…

Over 70% startups in India have received angel tax notices: Survey

Over 73 percent of startups that raised capital between Rs 50 lakh to Rs 2 crore in India have received angel tax notice(s) from the Income Tax Department till date….

Angel Tax sops may not apply to all startups: Experts

MUMBAI: Benefits of the changes notified by the Department of Industrial Policy and Promotion (DIPP) on the so-called angel taxmay not apply to all startups, experts said. DIPP said Wednesday…

US Top Court Lets States Force Online Retailers to Collect Sales Tax

States may force online retailers to collect potentially billions of dollars in sales taxes, the US Supreme Court said in a major ruling on Thursday that undercut an advantage…