Both the earlier and the current governments missed golden opportunities to make the tax structure simple and harassment-proof.
Govt may exempt DPIIT-certified startups from angel tax; likely to raise investment limit to Rs 25-40 crore
The consideration assumes significance as several startups have claimed to receive angel tax notices, impacting their businesses.
I-T Department to soon decide on startups to be exempted from angel tax; multilayer checking system in place to find eligible firms
Last month, the government eased the procedure for seeking income tax exemption by startups on investments from angel funds and prescribed a 45-day deadline for a decision on such applications.
Govt to form working group to resolve angel tax issue of startups; I-T officers instructed not to enforce recovery
Ranjan said income tax officers have already been instructed not to enforce recovery of angel tax and dispose of their appeals on priority.
Budget 2019: Kiran Mazumdar Shaw says agriculture, healthcare and education sectors likely to receive priority attention
The Agriculture, Healthcare & Education sectors are likely to receive priority attention this budget.
From relief in personal tax rates to simplifying GST procedure, here's a list of issues Budget 2019 should look into
With key global economies like the US going for significant rate cuts, the government may do well to bring down the corporate tax rate for all the companies, irrespective of the turnover criteria.
Startups urge Narendra Modi to abolish angel tax as it poses 'serious threat' to Start Up India movement
iSPIRT, representing more than 60 startups in its letter asked the government to abolish tax on angel investments that has "victimised" many startups
Budget 2019: IT industry seeks clarity on tax provisions for BPO and KPO services, quashing of angel tax
IT industry body Nasscom has urged the government to clarify tax provisions that treat BPO-KPO services as intermediaries under GST rules, and scrap angel tax levied on investments in startups
The issue assumes significance as several startups and angel investors have raised concerns over notices received from income tax authorities.
It is again not only the angel investors who are exempt from tax if the startup makes the grade but also the startup itself
Founders of some of the troubled startups are now planning to meet the secretary of the department of industrial policy & promotion (DIPP), Ramesh Abhishek
Narendra Modi regime boosted entrepreneurial climate; final year must focus on further simplification of rules, say experts
An April 2018 government press statement stated that some 7,968 startups received recognition in financial year 2017-18, as as against 797 recognitions in fiscal 2016-17.
Most of the developed nations have already addressed the issue of angel tax by offering the angel investors tax breaks
The Budget should announce measures to upgrade digital infrastructure, especially with regards to the protection of data stored online so that consumer confidence is enhanced.
There is no math that can say how a valuation is arrived at for startup. There is no profitability matrix. Valuation cannot be linked to revenues. So why this tax?