Tag: Tax Page 1 of 2

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…

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…

Tax benefits for startups with less than Rs10 crore funding

Startups have flagged their grievances regarding angel tax provision, which they considered was not friendly to them. Photo: iStockphoto New Delhi: Giving a major relief to budding entrepreneurs, the…

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…

Tax benefits for startups? Govt reviewing policy to encourage entrepreneurship

It’s been two years since Prime Minister Narendra Modi launched his flagship scheme Start Up India. Industry feedback shows that a lot of issues need to be urgently…

Goods and service tax: what can startups expect?

Indirect taxes form an important aspect of any line of business. The current indirect tax regime of India comprises a very complex system of taxation and compliances. As…

Your simple guide to surviving tax season as a freelancer

Working for yourself is full of many perks, but filing taxes isn’t one of them. When tax time comes around, you realize that managing your taxes as a…

It’s tax time. Which software should you use? Our guide

As though paying taxes isn’t annoying enough, prices and plans for tax software keep changing. What was best for you last year isn’t necessarily so now. Software makers…