All Hail Startups! Govt Liberalises Conditions For Angel Tax Exemption
16 Jan 2019 11:55 PM GMT
After months of back and forth over letters, Twitter campaigns and meetings, the government has now notified changes in the rules for angel tax exemption for the startups.
- In a gazette notification on Wednesday (January 16, 2018), the Department of Industrial Policy and Promotion (DIPP) has now provided for a simpler mechanism for startups to claim exemption from angel tax retrospectively.
- Additionally, the approval mechanism will also be applicable for the startups incorporated before April 2016, which was initially the starting date set for the 3-year tax exemption window policy under the Startup India policy.
- The Gazette notification has made certain partial modifications in the angel tax notification issued on April 11, 2018.
- Govt Liberalises Conditions For Angel Tax Exemption appeared first on Inc42 Media.
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