Angel Tax

Wednesday, Apr 17, 2024 | Last Update : 02:27 AM IST

Elimination of angel tax to uplift sentiment in the start up community

These steps shows government’s resolve towards ease of doing business in India and encourage entrepreneurship.

27 Aug 2019 10:06 AM

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.

CBDT's procedure for pending angel tax assessment cases to help startups: Experts

Government is seeking to calm the nerves of startups worried about angel tax.

16 Aug 2019 10:26 AM

The move followed after certain startups complained about facing harassment and the taxman breathing down their neck on the angel tax issue.

Relief for startups: CBDT lays out procedure for pending angel tax assessment cases

More than 540 startups have received exemption from angel tax so far.

09 Aug 2019 9:05 AM

An angel investor is the one who puts funds in a startup when it is taking steps to establish itself in the competitive market.

Startups: Accredited investors may get exemption from angel tax

This provision is considered by government as part of an exercise to define 'accredited investors' to increase investment flow in startups.

29 Apr 2019 5:48 PM

Govt in February relaxed the definition of start-ups and allowed them to avail full angel tax concession on investments of up to Rs 25 cr.

342 start-ups get angel tax exemption 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.

24 Apr 2019 3:29 PM

There lays a voice that still opposes despite the easier norms, relaxations

The only doubt that lies within the stakeholders is – why were those startups, which received tax notices were not considered.

22 Feb 2019 5:56 PM

The relaxation in recognition of an entity as a startup by increasing the turnover limit to Rs 100 crore from Rs 25 crore would go a long way in encouraging new-age entrepreneurship and innovation, said CII Director General Chandrajit Banerjee. (Photo: File)

Govt relaxation in startup norms to encourage investments:CII

We welcome the govt's focussed attention to the startups which are looking towards the government for relief from so-called 'angel tax':CII.

20 Feb 2019 12:43 PM

An entity will now be considered a startup up to 10 years from its date of incorporation/ registration instead of the existing period of seven years.

Stratup definition, angel tax threshold expanded

Now an entity would be considered as a startup up to a turnover of Rs 100 crore as against the earlier limit of Rs 25 crore.

20 Feb 2019 2:27 AM

Currently, startups avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore.

Govt relaxes norms, investment limit for angel tax concession to startups

Govt has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 cr.

19 Feb 2019 12:30 PM

An official statement said that there were allegations that the act was in violation of the CBDT instructions dated Dec 24, 2018 pertaining to recovery of dues in Angel Tax cases.

CBDT clarifies stance on recovery of Rs 36 lakhs from start-up

The assessing officer made the addition after issuing proper show-cause notice and obtaining reply in the matter.

09 Feb 2019 11:35 AM

Last week, the Department for Promotion of Industry and Internal Trade (DPIIT), along with tax officials, met startup industry representatives to hear their suggestions. (Photo: ANI)

I-T Dept to soon decide on startups to be exempt from angel tax

Startups will have to provide account details and return of income for last three years.

07 Feb 2019 12:57 PM

The government probably fears that if there are no checks and balances, black money will flow into start-ups massively.

Angel tax becoming a bane for start-ups across the country

The controversial angel tax, which was introduced in 2012, is a huge setback for start-ups looking for early-stage investments.

03 Feb 2018 3:03 AM

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Skand Tayal

Angel tax