Govt discussing angel tax issue to shield startups, say DIPP officials

The government is still discussing the issue of angel tax, officials at the Department of Industrial Policy and Promotion (DIPP) said.

Their comment comes amid media reports that the government is considering legal provisions shielding startups from angel tax and easier exemption terms for investors.

The government had earlier notified there will be no coercive action against start-ups to recover tax in accordance with the tax department's assessment until a committee of experts resolves the issue of their recognition and delves into the tax incidence in individual cases.

The decision was taken at a high-level meeting of Revenue Secretary Ajay