The government has proposed to amend the definition of “eligible startup” under the Startup India scheme to get a tax holiday, to one that ...

The department-related Parliamentary Standing Committee on Commerce has expressed concern about the low utilisation of section 80-IAC of th...

Here's a list of the main exemptions and deductions that taxpayers will have to forgo if they opt for the new regime.

The new tax regime effective from April 1, 2020, co-exists with the old/existing tax regime. The new tax regime offers lower, concessional ...

The government in Budget 2020 eased the taxation of Employees Stock Options or ESOPs. However, the current income tax laws concerning taxat...

Here is the list if tax deductions and exemptions that one cannot claim if he/she opts for new tax regime for a particular financial year.

The government has also proposed in the Union Budget 2021-22 incorporation of one-person companies, a move which will directly benefit the ...

Despite the dismay over unmet demands, startups were enthused by the prospect of indirect benefits that may accrue from big-ticket spending...

On the income tax front, Budget 2021 focused mainly on simplifying compliance; highlights being an increase in the tax audit limit for smal...

In her budget speech on February 1, Finance minister Nirmala Sitharaman had announced that employees at startups exempt under Section 80-IA...

ESOPs only apply to about 200 startups recognised by the inter-ministerial board.

ESOPs are currently taxed when they become eligible for allotment, which puts financial burden on employees as they may not be able to sell...

Startups exceeding the turnover threshold of Rs 25 crore stand to lose out on the tax holiday.

The turnover limit for small startups claiming deduction is to be determined by the provisions of Section 80-IAC of the I-T Act and not fro...

The move follows encouraging signs from the government decision to simplify the rules for angel tax exemption, with 508 startups already be...

The accredited investors may get exemption from angel tax under Section 56(2)(viib) of Income Tax Act, 1961, beyond the Rs 25 crore limit.

Startups formed as private limited companies, limited liability partnerships (LLPs), one person company (OPC) and registered partnership fi...