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Start-up Cell for redressal of grievances - Income Tax Department

Start-up Cell for redressal of grievances - Income Tax Department

CBDT constitutes Start-up Cell for redressal of grievances related to Start-ups

Key Point:

a) withdrawal of ‘Angel Tax’ provisions for Start-ups and their investors.

b) a dedicated cell would be set up under a Member of CBDT for addressing the specific problems of Start-ups.

c) The Cell will work towards redressal of grievances and mitigate tax-related issues in case of Start-up entities with respect to administration of the Income-tax Act, 1961.

d) Start-up entities can approach the Cell for speedy resolution of their grievances.