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ANGEL TAX CONCESSION
Budget initiatives for start-ups to significantly improve flow of funds: DPIIT SecretaryThe government will ensure that no inquiry or verification in pending cases can be carried out by the assessing officer without obtaining a...
Tax sops for VCs, 10-yr tax holiday for start-ups on Kiran Mazumdar-Shaw's Budget wishlistThe Biocon MD tweeted that start-ups needed a tax holiday to boost funding.
Startups: Accredited investors may get exemption from angel taxThis provision is considered by the government as part of an exercise to define 'accredited investors' with a view to increase investment f...
342 startups get angel tax exemption since February"A total of 381 startups gave undertaking that they should be exempted from angel tax and out of that, 342 have received intimation from CB...
DPIIT working on definition of Accredited Investors for Angel Tax exemptionThe accredited investors may get exemption from angel tax under Section 56(2)(viib) of Income Tax Act, 1961, beyond the Rs 25 crore limit.
Govt may exempt DPIIT-certified startups from angel taxThe consideration assumes significance as several startups have claimed to receive angel tax notices, impacting their businesses.
Angels & demon: Decoding the tax row that's making startups nervousThe sector is now smarting under tax scrutiny which it says is unnecessary and harmful.
Government plans to offer more tax sops for startupsCurrently, startups are allowed tax benefits for three consecutive years in a seven-year period, which many companies have argued is restri...
Government may raise investment limit of angel tax concessions for startupsThe govt allowed startups to avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 c...
Government eases process for startups to seek tax exemption on angel fund investmentsThe govt has eased the procedure for seeking income tax exemption by startups on investments from angel funds.
Startups required to seek tax exemption from inter-ministerial board: DIPP secySeveral startups have again raised concerns on taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation ...
Will startups be rid of angel tax demons? CBDT to clarifyCBDT could issue a notice that lifts the threat of angel levy and associated penalties hanging over startups.
Have taken up 'angel tax' issue of startups with finance ministry: Suresh PrabhuSeveral startups have raised concerns on taxation of angel funds under Section 56 of the Income Tax Act, which provides for taxation of fun...
Definition tweaked, startups can seek exemption from angel taxStartups with total investment including funding from angel investors up to Rs 10 crore can seek approval from an eight-member government b...
Startups with up to Rs 10 crore investment to get tax concessionAn angel investor picking up stakes in a startup should have a minimum net worth of Rs 2 crore or should have an average returned income of...
Government mulls tax concession limit for startups on angel fundingStartups in the recent past had flagged their grievances to the government regarding angel tax provision, which, they considered, was not f...
New startups meeting government norms to escape angel taxThis will enable them to obtain investments from unregistered VC funds, without having to pay tax on the differential, if the investments m...