Angel Tax News
Why Nirmala Sitharaman’s back-to-back growth booster pills aren’t working yet to cure India's big consumption collapse
It was in August when Union Finance Minister Nirmala Sitharaman began announcing back-to-back measures to address the economic slowdown
Startups will never be harassed, govt taking steps to promote them, says Piyush Goyal
Earlier, several startups made representations to the government about receiving notices from the Income Tax Department.
Firstpost Editor's Picks: Opposition delegation's Kashmir visit; PV Sindhu's win at BWF World Championships; today's must-read stories
Editor's Picks: Opposition delegation sent back from Kashmir; PV Sindhu's blend takes down Nozomi Okuhara at BWF World Championships; Ghost of angel tax laid to rest.
Ghost of angel tax laid to rest: Is it a boon or a bane? The devil is in the details, say experts
Angel tax is a tax on capital that is raised by unlisted companies by issuing shares in excess of their fair market value.
Finance Minister Nirmala Sitharaman's stimulus package to boost growth, stabilise economy: CII
Industry body CII on Sunday said the multi-sectoral and multi-dimensional policy stimulus announced last week will have a significant impact, imparting stability and underpinning a new growth impetus for India
Rupee slips 42 paise to 72.08 against dollar in early trade, currency comes under pressure after escalation of US-China trade war
At the Interbank Foreign Exchange, the rupee opened at 72.03 then fell to 72.08 against the US dollar, showing a decline of 42 paise over its previous closing.
FPI surcharge removal, stimulus measures likely to boost markets, jumpstart growth, say experts
Giving in to the demands of overseas investors, Finance Minister Nirmala Sitharaman on Friday announced a rollback of enhanced surcharge on foreign portfolio investors levied in the Budget.
US industry hails India's mini-Budget, proposed reforms to provide stimulus for economy; sees investment atmosphere improving
"As a package, the proposals will strengthen India's position as a global investment destination," US India Business Council president Nisha Desai Biswal said
Nirmala Sitharaman rolls back tax hike on investors, outlines steps to boost sentiment; industry hails move
Sitharaman also outlined a raft of measures including some for the crisis-hit autos sector, small businesses, and the troubled shadow banking sector
CBDT's procedure for pending angel tax assessment cases to provide safeguard to start-ups, say experts
The board has also issued a circular to provide relief to start-ups which are undergoing assessment proceedings with respect to angel tax issue
Startup India vs angel tax: Union Budget 2019-20 has offered some sops to startups, but will bureaucracy play spoilsport?
Budget 2019-20 also said that startups which had approvals from the government would not be subject to angel tax
Relief for startups: CBDT lays out procedure for pending angel tax assessment cases
Giving a relief to startups, the government has laid out a procedure to address pending angel tax assessments under which action would be taken only after approval of a supervisory officer
Union Budget 2019-20: Startups want angel tax to be abolished, corporate tax to be reduced, make capital more accessible
Startups hope the government will continue to drive the growth agenda for new businesses, taking further steps to ease the regulatory burden
Rahul Gandhi's promise on ease of doing business is election rhetoric at best; implementation is key, say industry experts
The industry is in a wait-and-watch mood. “It is election time, after all. Let’s see what comes after the dust of the elections settle down and a government is voted to power,” they said
Congress' proposal to boost industry: Will give 3-year blanket pass to new ventures, abolish angel tax, says Rahul Gandhi
Rahul Gandhi also assured incentives and tax credits to entrepreneurs based on their ability to create jobs
Angel tax: CBDT notifies relaxed norms for startups, to be effective with retrospective effect from 19 February
It is dubbed as angel tax due to its impact on investments made by angel investors in startup
Income Tax Department notifies relaxed norms for startups to enable them to seek 'angel tax' exemption
The Income Tax (I-T) Department has notified the modified norms for startups to enable them to seek 'angel tax' exemption for investments of up to Rs 25 crore
Relaxation in norms for startups to unshackle angel investing, unleash next wave of entrepreneurship: Industry
According to Indian Angel Network co-founder Padmaja Ruparel, the development will "unshackle angel investing and bring in domestic monies for start-ups"
Govt relaxes angel tax norms for startups, increases investment limit to Rs 25 crore for availing income tax concessions
Currently, startups avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore
Startups seek scrapping of contentious angel tax proposal; govt may increase investment limit for exemption
Various startups have raised concerns on notices sent to them under the Section 56 of Income Tax Act to pay taxes on angel funds received by them.