Angel Tax: No assessment of startups registered with DPIIT
This means startups registered by the DPIIT Start-ups will not face tax verification on account of angel taxation in case they are picked up for scrutiny. There are 99,380 startups recognised by the DPIIT. Besides, in cases where proceedings are auto generated, "contentions of such recognised startup companies on the issues will be summarily accepted".
Source: indiatimes.com