CBDT

Earlier, only companies with initial authorised capital up to INR 10 Lakh were exempted from the incorporation fee

The Ministry also made amendments regarding shifting of the registered office from one state to another

The changes have come into effect from March 18, 2019

Stakeholders say the acknowledgement email doesn’t suffice as evidence during CID appeals

Of the 128 startups, 92 have received an acknowledgement letter from the CBDT

Startup stakeholders have also demanded the CBDT to enlist the 128 startups in their system

CBDT said that Section 56(2)(viib) of the I-T Act shall not apply

No angel tax for startups complying with Feb DPPIT notification, says tax watchdog

However no solution for startups with angel tax cases already underway

LocalCircles will share the details of the startups who have received notices to CBDT

DPIIT granted relief to startups under Section 56 (2) (viib) earlier this week

Nearly 300 startups have received tax demand notices under I-T Act

The DPIIT Notification does not address the startups who have already received I-T orders

The notification does not address Section 68 of the Income Tax Act

The process of IMB certification for purposes of Section 80-IAC remains the same

CBDT and DPIIT are expected to release the notification on Monday or later next week

Startups to be given blanket exemption from section 56(2)(viib) providing they submit the self-certified declaration

Startups’ defined age is likely to be increased from the existing 7 years to 10 years

DPIIT has decided to form guidelines on the subject in the next five days

Several startup-related associations had met DPIIT on Monday

DPIIT may as well scrap Section 56(2) of the Income Tax Act, says a source

Startups demand angel tax exemption for all DIPP Level 1 recognised startups

Investors’ qualifying criteria should be relaxed, demand angel investors and startups

The discussion with leading associations will be held on Feb 4

The timeline gives a purview of the incorporation and execution of angel tax law

In February 2018, CBDT notified no coercive action against startups valued in DCF way

Similar notification released on December 24, 2018, yet startups continued to get I-T orders

Andaman Nicobar became first UT to launch a startup policy

Gujarat tops State Startup Ranking; Karnataka, Odisha, Rajasthan, and Kerala come second

New FDI policy says ecommerce marketplace not allowed to enjoy vendor exclusivity

Revenue Secretary, DIPP Secretary and CBDT chairman meet to discuss issue

A panel of experts from IITs and IIMs to frame angel tax rules

CBDT says will support startup innovation in “every possible manner”

The SEBI Board Has Approved Amendments On Basis Of Recommendations From Its Working Group