Category: Start-ups
Income Tax Exemptions to Startups. Under Startup India Initiative recognized startups have been exempted under several sections of IT Act. Tax Exemptions to Startups Under Startup India Initiative recognized startups have been exempted under several sections of IT Act. Details are enclosed at Annexure-I. The Fund of …
CBDT constitutes Startup Cell for redressal of grievances & mitigation of tax-related issues of entities with respect to administration of Income-tax Act 1961 F.No. 187/6/ 2019-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes(ITA-I Division)***** New Delhi, dated the 30th August, 2019 ORDER Subject:- …
Tax Incentives given to start-ups in Union Budget 2019-20. carried forward and set off of losses, relaxation of conditions of section 54GB Section 79 of the Income Tax Act provides conditions for carry forward and set off of losses in case of a company not being a company …
CBDT has exempted 702 startups from angel tax u/s 56(2)(viib) of Income Tax Act. Startups receiving investments from Ventures Capital Fund are exempt from taxation as per provision of Section 56(2)(viib) of Income Tax Act 1961 (Act). Angel Fund is sub category of Ventures Capital Fund under Category-I …
Startup Certification u/s 80-IAC & exemption u/s 56(2)(viib) of Income Tax Act- Govt. amends Startup Rules MINISTRY OF COMMERCE AND INDUSTRY(Department for Promotion of Industry and Internal Trade) NOTIFICATION New Delhi, the 19th February, 2019 G.S.R. 127(E).— This notification is being issued in supersession of the Gazette Notification …
ICAI offering incubation centres to start-ups founded by chartered accountants ICAI has invited applications from start-ups desiring space and facilities at incubation centres proposed at ICAI Bhawan, BKC, Mumbai. A startup incubator is a collaborative program designed to help new startups succeed. Incubators help entrepreneurs solve some of the problems commonly associated …
Angel Tax provisions relaxed for startups. Companies with paid up share capital and share premium after the proposed issue up to 10 crore may apply for exemption-u/s 56(2)(viib) The Ministry of Commerce and Industry, Department of Industrial Policy and Promotion has amended the Notification No. G.S.R. 501(E) dated May 23, 2017. …
Tax Exemption to Startups in recent past. Introduction of new section 54EE 54GB 80-IAC. Angel investors funding exemption etc. Tax Exemption to Startups Various tax exemptions have been given to Startups in the recent past – Following direct tax incentives were provided in Income-tax Act,1961 (‘the Act’) to …
START-UP INDIA Coverage and Eligibility Ministry of Commerce and Industry Press Release 20th July, 2016 Till date 728 applications have been received in the Startup India portal. Out of them, 180 applications are complete and have been recognized as startups by Department of Industrial Policy and …
Government of India Office of The Controller General Patents, Designs & Trade Marks CG/F/Start-up/Facilitators/2016 /175 …