Corporate Law : Discover the essential exit strategies for startups in India, from the fresh start process under IBC to fast-track insolvency reso...
Income Tax : Learn about the tax implications for startups, including eligibility criteria, benefits, and procedures for recognition, exemption...
Corporate Law : Entrepreneurs who embrace slower growth and personal financial risk and value control, financial discipline, and sustainable growt...
Corporate Law : Explore the thriving startup ecosystem in India, driven by innovation, technological advancements, government support, and diverse...
Fema / RBI : The Foreign Exchange Management Act (FEMA) lays out the rules for investments in Indian startups and for transactions involving fo...
Corporate Law : Read about the ONDC Startup Mahotsav organized by DPIIT, a platform where startups harness the Open Network for Digital Commerce (...
Income Tax : CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to notify Excluded Entities In the Finance Act, 2023, ...
Corporate Law : The National Startup Awards 2023 aim to recognize and reward outstanding startups that have demonstrated exceptional capabilities ...
Corporate Law : Centre spearheads several initiatives under Ease of Doing Business and Reducing Compliance Burden aimed at creating a conducive bu...
Corporate Law : Sustained Government efforts result in increasing the number of recognized Startups from 452 in 2016 to 84,012 in 2022 Sustained ...
Income Tax : ITAT Mumbai held that a start-up company incurring cost for branding of the company and other relevant expenditure which creates p...
Income Tax : In the case of HCL Technologies BPO Services Ltd vs. ACIT, ITAT has held that for transfer pricing only amount retained by associa...
Income Tax : Notification regarding Income-tax Act Section 56(2)(viib) and assessment of Startup Companies. Clarifications for assessing recogn...
Corporate Law : Credit Guarantee Scheme for Startups (CGSS)is to provide guarantee upto a specified limit against credit instruments extended by M...
Corporate Law : Govt has notified that for an application for fast track corporate insolvency resolution process may be made also by a Startup (ot...
Company Law : (1) These rules may be called the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021. (2) They shall co...
Corporate Law : Central Government has approved the ‘Startup India Seed Fund Scheme (SISFS)’ to provide financial assistance to startups for p...
History of Angel Tax In India- The tax was introduced in the 2012 Union Budget by then finance minister Pranab Mukherjee to arrest and stop laundering of funds. It has come to be called angel tax since it largely impacts angel investors in start-ups.
What is a startup? A startup is a small business started with the objective to solve a problem. These are the companies which are generally operated by the founders or a single person. These companies are generally offering those services which the founders think are not available or are available in an inferior quality. Startups provide […]
Facility to view Form 2 Declaration filed with DPIIT by startup available in Income tax e-Filing portal CBDT has enabled Facility to view Form 2 Declaration filed with DPIIT (Department for Promotion of Industry and Internal Trade) by a startup on its e-filing portal. Form 2 (Section 56 Exemption declaration) is a Declaration by a […]
10 most important changes made to tax & Regulatory framework for startups in 2018 According to Merriam and Webster, startups means to act of setting in operation or motion. In business terminology, the startups are the young companies which are incorporated by founders or individual to offer a product or service which is not available […]
As per current Income Tax provisions, if a closely-held company i.e. a company in which public is not substantially interested, issues shares at a price which is more than its fair market value (FMV), then the excess amount i.e. excess of issue price over fair market value will be taxed as income from other sources in the hands of the company.
CBDt has vide Notification No. 13/2019 granted exemption to startup companies from angel tax w.e.f. 19.02.2019 if such companies fulfill the conditions specified in para 4 of the notification number G.S.R. 127(E), dated the 19th February, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 13/2019 New Delhi, the 5th […]
Angel tax means the tax payable by unlisted companies during the raising of capital wherein the share price exceeds the fair market price of the share sold. The tax was initially conceptualized in the 2012 Union Budget by then finance minister Pranab Mukherjee with an endeavour to curtail the flow of illegitimate laundering of funds.
BASIC ISSUES OF A STARTUP AND KEY AREAS TO BE CHECKED (Compliances for startup) Every Startup Company has a new idea which is unique. All startups are very well aware about the business they are going to start as they would have done lot of research on it. However, when it comes to compliances lot […]
The Government of India is taking a lot of measures to create job opportunities which will lead to an increase in the overall growth of the country. In doing so, the Government is giving various monetary and non- monetary benefits to the eligible entities. One such eligible entity being ‘Startups’ for which the Government of […]
A Start-ups will be eligible for exemption under Section 56 (2) (viib) of Income Tax Act, if it is a private limited company recognized by DPIIT and is not investing in any of the following assets: i. building or land appurtenant thereto, being a residential house, other than that used by the Start-ups for the purposes of renting or held by it as stock-in-trade, in the ordinary course of business;
