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Revising the current definition of startups and addressing the raging issue of angel tax, the Minister for Commerce and Industry Suresh Prabhu said an entity shall be considered a startup upto 10 years from its date of incorporation / registration instead of the existing period of 7 years.
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Watch Govt simplifies definition of Startup to provide relief from Angel Tax With HD Quality.
The Economic Times | A Times Internet Limited product
Revising the current definition of startups and addressing the raging issue of angel tax, the Minister for Commerce and Industry Suresh Prabhu said an entity shall be considered a startup upto 10 years from its date of incorporation / registration instead of the existing period of 7 years.
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Watch Govt simplifies definition of Startup to provide relief from Angel Tax With HD Quality
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The Economic Times | A Times Internet Limited product
The government has eased the procedure for startups to seek income tax exemption on investments from angel funds as part of efforts to address concerns of budding entrepreneurs, official sources said.
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CBDT announces exemption from angel tax for startup investments from 21 countries #shortsvideo
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CII Startuprenuer Awards 2022 | ICONN 2022
#Startups playing a pivotal role in making India globally competitive & a hub for innovations. How this momentum can be accelerated? #CIIreport- 'Fuelling startup growth' suggests suitable reforms to create a supportive, friendly, favorable environment for startup community.
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Vodafone Idea Ltd, the India's third largest mobile service provider, will shut down if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order, its billionaire chairman Kumar Mangalam Birla said on Friday.
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Watch Vodafone Idea will close if govt does not provide any relief: KM Birla With HD Quality
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The Economic Times | A Times Internet Limited product
government is contemplating hike in the investment limit for availing income tax concessions by startups and provide a more clear definition for the purpose, sources have said. Officials of the department for promotion of industry and internal trade (DPIIT) and Central Board of Direct Taxes (CBDT) are holding series of meetings to find a solution of the angel tax issue being raised by startups.
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