Tag: Start-ups
Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act, 1961 read with Rule 11UA(2) of Income-tax Rules, 1962 -reg. CBDT vide instruction dated 06.02.2018 instructed that no coercive measures to recover the outstanding demand would be taken in …
Press Information Bureau Government of India New Delhi, December 19th 2018 DIPP Clarification on IT Notice to Angel Investors / Start-ups The Department of Industrial Policy & Promotion(DIPP) has taken notice of the news reports regarding issue of notices by Income Tax authorities to Angel Investors/Start-ups. DIPP in …
Startups exempted from issue of share price in excess of face value MINISTRY OF FINANCE (Department of Revenue) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 24th May, 2018 INCOME-TAX S.O. 2088(E).—In exercise of the powers conferred by the clause (ii) of the proviso to clause (viib) …
Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act read with Rule 11UA(2) of Income-tax Rules-CBDT Instruction Section 56(2)(viib) of the Income-tax Act, 1961 (Act) provides that where a closely held company issues its shares at a …
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 MINISTRY OF CORPORATE AFFAIRS Notification New Delhi, 19th July, 2016. G.S.R…….(E).-ln exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies …
Establishment of Fund of Funds for support to Start-ups at SIDBI for contribution to various AIF registered with SEBI Cabinet Press release dated 22-06-2016 Establishment of Fund of Funds for funding support to Start-ups The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved …
CBDT Exempts Startups shares issued above FMV CBDT has notified tax exemption on investments above fair market rate for startups. Now a resident can purchase shares in startups companies at higher than fair value without having to pay tax under the provisions of section 56(2)(viib). The section 56(2)(viia) provides …
Facilitators-Start-ups Guidelines-Patent Designs and Trade Marks Government of India Office of The Controller General Patents, Designs & Trade Marks Boudhik Sampada Bhavan S.M. Rood, Antop Hill Mumbai-400037 (India) CG/F/Start-up/Guidelines/2016/79 …
