Angel Tax

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.

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

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

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