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..
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.
News video | 655 views
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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CBDT announces exemption from angel tax for startup investments from 21 countries #shortsvideo
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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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In what will come as a relief for startups that have already been sent assessment orders and firm tax demands under the so-called ‘angel tax,’ the Central Board of Direct Taxes (CBDT) will soon issue a circular directing field officials not to press for payment until the case has been decided at the first stage of appeal.
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The Centre will form a committee to resolve issues within the next 4-5 days concerning the levy of angel tax on startups, a senior official said on Monday. This was conveyed to the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary, Ramesh Abhishek, following his meeting here with over 50 entrepreneurs, startups and investors who voiced their concerns on angel tax.
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In a major relief to entrepreneurs and startups, Finance Minister Nirmala Sitharaman on Friday announced that the 'angel tax' provision will be withdrawn for startups and their investors. Announcing measures to boost the subdued economy, the Finance Minister said that Section 56 2(b) of the Income Tax Act will not be applicable on startups registered under the Department for Promotion of Industry and Internal Trade (DPIIT)
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Watch No Angel Tax for DPIIT registered startups: Nirmala Sitharaman With HD Quality
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Jet Airways and its biggest lender SBI have finally inked a MoU, pursuant to which the airline has formally applied to the Ministry of Civil Aviation for exemption from the takeover code and open offer, ET Now's Nayantar Rai learns from her sources. Sources add the market regulator SEBI can approve this exemption if requested by the Ministry of Civil Aviation.
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Govt to launch Digital India Innovation Fund for deeptech startups #shortsvideo
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Parag Parikh Tax Saver Fund is an open-ended equity linked savings scheme (ELSS). It has a statutory lock-in period of three years. The new fund offer will close on July 18. The scheme will reopen for investment on July 26. The minimum initial investment in the scheme will be Rs 500 and in multiples of Rs 500 thereafter. It will be benchmarked against Nifty 500 TRI and will be managed by Rajeev Thakkar, Raunak Onkar and Raj Mehta.
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PEG क्या है, इसे PEG क्यों कहा जाता है? | What Is Peg
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If you love homestyle cocktails, reviews of Alcohol, Drink kn
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