ASA Business Bulletin 10/08/2019-16/08/2019
ASA Business Bulletin 10/08/2019-16/08/2019

CBDT simplifies process of angel tax assessment for startups
Central Board of Direct Taxes (CBDT) as simplified the angel-tax assessment process under which any action would be taken against such entities only after approval of a supervisory officer. No verification will be done by an assessing officer if a startup has been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) and the case is selected under limited scrutiny.

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