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Start-up Cells

  • 31 Aug 2019
  • 1 min read

Recently the Finance Minister announced the constitution of Start-up cells to address the specific problems of the start-ups.

  • This comes after the withdrawal of Angel Tax provisions for Start-ups and their investors.
  • For mitigating the genuine difficulties of Start-ups, a dedicated cell was set up under the Central Board of Direct Taxes (CBDT).
  • The Cell will work towards redressal of grievances & tax-related issues with respect to the administration of the Income-tax Act, 1961.
  • Start-up entities can directly approach the Cell for the speedy resolution of their grievances.
  • The move was taken as a part of several economic measures to boost the economy.

Source: PIB

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