Page 3 - Angel Tax

Frostbite amid funding winter for start-ups: Experts rue angel tax

Industry watchers believe that early-stage start-ups will bear most of the brunt, as the segment witnesses comparatively higher deviation in allotted share prices and FMV

Govt-recognised startups eligible for angel tax exemption: DPIIT Secy

More than 84,000 DPIIT-recognised start-ups in the country, data shows

Start-ups welcome end of 'angel tax', hope relief for already served notice

Sitharaman also said a dedicated cell will be set up under a member of the Central Board of Direct Taxes for addressing issues faced by start-ups

Surcharge rollback to capital for PSBs, FM announces steps to boost economy

The Rs 70,000-crore recapitalisation announced in the Budget will be sped up

Removing angel tax notices will help start-ups in growth: Experts

The government's recent decision to give relief to start-ups on assessment of angel tax notices would provide a safeguard to them and promote their growth, according to experts. Seeking to calm the nerves of start-ups worried about angel tax, the government last week assured that explanation given by them to a tax notice in a limited scrutiny case would be summarily accepted without any questions asked by the taxman. The Central Board for Direct Taxes' (CBDT) circular with this effect "brings in more safeguard by requiring assessing officers to procure his or her supervisor's consent before starting on any inquiry under the angel tax provision against a start-up company which has not got DPIIT approval," S. Vasudevan, Partner, Lakshmikumaran & Sridharan said. However, he added that the circular does not specify any minimum rank of the consenting superior officer. "Also, lack of guidelines as to how the assessing officer or his supervisory officer selects cases for scrutiny may ...

Top 10 business headlines: Aramco's RIL stake buy, angel tax relief & more

From Anil Agarwal pulling out of race for acquiring grounded Jet Airways to poorer states scoring big in GST mop-up, here are the top business headlines on Tuesday

Angel tax row: Income Tax department gives a breather to start-ups

After protests by start-ups, the government had raised the threshold for availing angel tax exemption for these companies, besides widening their definition

Income Tax dept relaxes assessment and scrutiny norms for start-ups

In cases where start-ups are recognised by the DPIIT but scrutiny involves wider issues, the I-T dept has asked its field formations not to pursue the issue of angel tax during assessment proceedings

Govt announces revised procedure for angel tax assessment of start-ups

No verification will be done by an assessing officer if a startup has been recognised by DPIIT and the case is selected under limited scrutiny

Start-ups laud Finance Bill amendments, penalty on flouting angel tax norms

Penalty of 200% for not complying with the conditions laid down for availing angel tax exemption

Angel tax worries sorted in Budget, start-ups can focus on biz: CBDT chief

Central Board of Direct Taxes (CBDT) Chairman P C Mody told PTI in an interview that all "legacy issues" related to start-ups will be resolved through a consultative process

Budget 2019: No Angel Tax action against start-ups who've filed documents

Govt proposes e-verification mechanism to do away with any engagement between an enterprise and a tax officer, which many had called out as akin to harassment

Budget 2019 analysis: Here's what 5 key sectors expected and what they got

EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions

Angel tax row: Genuine start-ups can breathe easy, says FM Piyush Goyal

The 'angel tax' is triggered when any start-up raises equity funding in excess of its 'fair valuation', the premium is treated as income, attracting over a 30 per cent tax

Budget wishlist: Alternative funds seek angel tax breather, GST rate cut

Other demands include pass-through for losses, tax cut on management fee

541 start-ups got angel tax exemption so far, says industry secretary

The angel tax is levied on start-ups that have received equity infusion in excess of their fair valuation, with the premium being paid by investors as their income

Accredited investors in start-ups may get exemption from angel tax: Report

Accredited investors, like trusts, individuals, family member of a start-up and unlisted companies, may get exemption from angel tax.

342 start-ups avail full angel tax concession upto Rs 25 cr since February

To avail the concession of exemption from this section, eligible start-ups have to file a duly signed self-declaration with the DPIIT

Angel tax exemption a good effort, but more needs to be done: Industry

The government's move on Tuesday to relax norms for start-ups will "unshackle angel investing" and unleash the next wave of entrepreneurship

Angel tax relief for startups: Funding cap for exemption raised to Rs 25 cr

The angel tax is levied on start-ups that have received an equity infusion in excess of the fair valuation, with the premium being paid by the investors as their income