Wed, Jul 24, 2024
Applauding the decision to reduce tax rates for the foreign companies to 35 per cent, the USISPF said this action creates parity between domestic and foreign players and will be an important boost for global investors seeking to shift their international supply chains away from China.
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Tue, Sep 26, 2023
As per the Budget, the excess premium will be considered as 'income from sources' and taxed at the rate of up to over 30 per cent. However, startups registered by the DPIIT are exempt from the new norms.
Mon, Aug 07, 2023
The government introduced the Angel Tax to curb money laundering and make it easier for businesses to comply with the tax norms. The angel tax is levied on unlisted businesses or startups on the funding they get from the angel investors.
Thu, May 25, 2023
The Finance Ministry has notified 21 countries, including the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax. The list, however, excludes investment from countries like Singapore, Netherlands and Mauritius.
Sat, Aug 24, 2019
Angel tax has been a bone of contention for long as the tax department served notices to many startups which received funds in 2018.
Tue, Jul 30, 2019
The term “Legal Compliance” haunts every business owner. The most obvious consequence of compliance is that it decreases your risk of fines, penalties, work stoppages, lawsuits or a shutdown of your business.
Fri, Jul 05, 2019
FM Sitharaman in her maiden Budget speech mentioned that the startups and investors who provide requisite documents will not be subject to angel tax assessment."
Budget 2019: She said the channel will serve as a platform for promoting start-ups, discussing issues affecting their growth, matchmaking with venture capitalists and funding and tax planning.
Tue, Jun 25, 2019
Travel startups are facing a big burden in the form of angel tax.
Wed, Jun 19, 2019
As the finance minister Nirmala Sitharaman gears to present her maiden budget as the first lady finance minister of India, Startups have their wishlist from the Modi 2.0 government.
Thu, Feb 28, 2019
Minister of Commerce and Industry, Civil Aviation - Suresh Prabhu issued a notification on new angel tax norms for startups.
Tue, Feb 26, 2019
This segment of Zee Business brings to you latest information on Angels tax and why this tax has worried startups now. Watch this video to know more.
Wed, Feb 20, 2019
A startup will have tax exemption on funds up to Rs 25 crores. Also a startup will be considered as startup uptill 10 years from the date of incorporation or having a capital of Rs 100 crore.
Tue, Feb 19, 2019
"An entity shall be considered as startup if its turnover for any of the financial year, since its incorporation or registration, has not exceeded Rs 100 crore instead of the existing Rs 25 crore," the official said.
Tue, Feb 12, 2019
The government is considering giving complete exemption to startups from angel tax once they are certified by the Commerce and Industry Ministry, a move aimed at helping budding entrepreneurs, official sources said.
Fri, Feb 01, 2019
IT body Nasscom Friday said the industry's key demand for abolition of 'angel tax' and various GST clarifications were not addressed in the interim budget 2019-20 and expressed hope that these issues will be resolved through a consultative process.
Fri, Jan 25, 2019
Angel tax is levied on premium paid on investments in start-ups and unlisted firms to curb "laundering" under the Income Tax Act 1961, as their valuations increase despite stagnant or declining revenues.The Income Tax sleuths have raised concerns over premium paid on shares of startups at valuation that were not commensurate with their revenue growth. A premium higher than the fair market value is considered other income, which is taxable under the angel tax.
Thu, Jan 17, 2019
The new incentive will include tax exemption on investments of both past and future investments. However, to claim the tax exemption startups\investors need to apply via DIPP in a prescribed form along with required documents. After that, the Central Board of Direct Taxes (CBDT) will issue a certificate of exemption within 45 days of the application.
The remedial measures available are not timely or viable for them, the letter noted adding that some startups have even been forced to shutdown due to it.
Tue, Feb 06, 2018
Often times founders struggle to explain their concept and viability of their business for availing fund
Wed, Dec 27, 2017
According to industry estimate, Angel tax is one of the reasons behind the decline of the growth in early stage funding in the country, falling every quarter this year.
Sun, Jun 19, 2016
A similar exemption already exists for Venture Capital Funds (VCFs).
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