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News INCOME TAX

  • May 28, 2019
  • 541 startups have been granted angel tax exemption: DPIIT secretary

    DPIIT secretary Ramesh Abhishek took to Twitter to share an update: the Department of Promotion for Industry and Internal Trade (DPIIT) has granted exemptions to 541 startups from angel tax until now. In a notification in February, the DPIIT had allowed startups to be exempted from angel tax if they received certification from the Central Board of Direct Taxes (CBDT).