Startups Vs Income Tax Department: A Battle That Seems To Have No End

Angel tax may have been abolished in principle but lingering tax-related challenges continue to haunt Indian startups in one way or another. “It was not only about Section 56(2)(viib) of the Income Tax Act, commonly referred to as the angel tax but also about the way assessing officers scrutinise startups’ tax matters,” a startup founder, […]

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