Income Tax

CBDT gives directions for handling startups grievances and addressing tax related issues

CBDT directions for handling startups grievances and addressing tax related issues

CBDT directions for handling startups grievances 

In August 2019, a Startup Cell had been created at the CBDT level for handling redressal of grievances of Startups and addressing its tax related issues.

In furtherance of the above, the CBDT has issued Directions for handling startups grievances.

According to the CBDT communication addressed to all PCCITs/PDGITs in this regard, the issue relating to Startups are to be handled with utmost  care and all  the  officers  must  be  sensitized  to  handle  such  issues accordingly.

In this connection, CBDT has also prescribed the following time frame to handle the grievances of the Startups:

(i) In case of any grievance, the Preliminary Action Taken Report is to be submitted to the Board/Cell by the next day i.e. within one working day of calling of report .

(ii) Final Action  Taken  Report  in  this  regard  is  to be  submitted within  3 working  days  of calling of report by the CBDT/Cell by the next day i.e. within one working day of calling of report.

It has been further stated that respective Pr. CCsIT/CCsIT may constitute a Startup Cell at the local level for handling such issues and the CCIT concerned will remain accountable for all such grievances pertaining to their charge.

----------- Similar Posts: -----------
Share

Recent Posts

  • Income Tax

Notice issued u/s 143(2) prior to filing of return of income assessee is invalid

Notice issued u/s 143(2) prior to filing of return of income by the assessee was invalid. Before filing ITR provisions…

10 hours ago
  • Income Tax

Order u/s 148A(d) passed against non-existent entity is bad in eyes of law – High Court

Order u/s 148A(d) passed against non-existent entity is bad in eyes of law. Mere activation of PAN not give right…

13 hours ago
  • Income Tax

Tax authorities not bound with provisions of section 44AE once assessee waived option

Tax authorities not bound with provisions of section 44AE of the Act once assessee waived the option available In a…

1 day ago
  • Income Tax

Whether seized document is incriminating or not is a findings of fact – High Court

Whether seized document is incriminating or not is definitely a findings of fact – High Court In a recent judgment,…

1 day ago
  • Income Tax

Interest earned on borrowed funds/unutilized capital subsidy is capital receipts – High Court

Interest earned on borrowed funds/ unutilized capital subsidy are capital receipts In a recent judgment, Hon'ble Guwahati High Court has…

2 days ago
  • Income Tax

No statutory requirement of pre-deposit for stay of demand under Income Tax Act – HC

There is no statutory requirement of pre-deposit for stay of demand under Income Tax Act - High Court stayed demand  …

2 days ago