Taxcharcha
Income TaxLatest

Consolidated circular for assessment of Startups – Clarification by CBDT

On 30th August 2019, the Central Board of Direct Taxes (CBDT) has issued the consolidated circular for start ups in which various issues for start ups have been addressed. The various issues which have been addressed in the circular are as follows:-

  1. Assessment of start ups
  2. Time limit for completion of pending assessments of start ups
  3. Procedure for addition made u/s. 56(2)(viib) in the past assessment
  4. Income tax demand
  5. Constitution of Startup cell

To download the article regarding the circular, click here Article on consolidated circular for start ups

To download the complete circular, click here consolidated circular for startups  

 

 

Related posts

Outcomes of 35th GST Council meeting held on 21st June 2019

Team Taxcharcha

ICAI has constituted High Power Group on Infrastructure Leasing & Financial Services Limited (IL&FS) matter

Team Taxcharcha

Withdrawal of exemptions granted to Government owned NBFCs

Team Taxcharcha