Startups with Demand Orders: Submit your information
Submit your information
. Please note that you are sharing your pan at your own discretion and there are no assurances whether CBDT will be able to intervene in resolving or expediting your case. ispirt is working with LocalCircles to compile this information.
Many of you may know that LocalCircles actively took up the cause of abolishing angel tax for startups in India a few months back. We are pleased to share that on Feb 19, Ministry of Finance via CBDT and Ministry of Commerce via DIPP accepted the solution proposed by LocalCircles and issued a notification to abolish angel tax for recognised startups in India with a few conditions. This is the single biggest reform for startups by the Modi Government and has the potential to invigorate an ecosystem that was struggling in the last few years due to this devil tax. Below is the detailed report and related media reports.
Full LocalCircles Report
Indian Express Report
The Hindu Report
If you have additional ideas or inputs on what the Government should do to boost the startup ecosystem further, please do share as LocalCircles will be taking them up with the Government very shortly.