Angel Tax: Summary relief for recognised start-ups – Rakesh Nangia

In what would bring clarity to the start-ups that have been served with notices by the income-tax department under the so-called angel tax provision, the Central Board of Direct Taxes on Thursday said the department would ‘summarily accept’ contention of start-ups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT), if the notices pertained only to the angel tax section.

Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications:

Economic Times
Business Standard- Front page story
Hindu Business Line
Livemint
Financial Express
PTI
IANS
angel-tax-summary-relief-for-recognised-start-ups-rakesh-nangia