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The Income Tax department is expected to soon come out with certain draft rules to specify the class of investors and norms of valuation of foreign investment in unlisted companies.
Amid the ongoing row over angel tax, DPIIT has reportedly broached the taxation issue of Indian startups with the finance ministry.
The plea contended that blocking the applications places unreasonable restrictions on the exercise of freedom of speech and freedom to carry out trade and business, as guaranteed under the Constitution of India.
Get latest articles and stories on Latest News at LatestLY. The Department for Promotion of Industry and Internal Trade (DPIIT) has taken up the taxation issue of startups with the finance ministry, a top government official has said. Latest News | DPIIT Takes Up Startup Taxation Issue with FinMin: Secretary.
Observing that there is "no indication" in the case diary that the FIR is politically motivated and based on some false and concocted story, the Gauhati High Court dismissed Indian Youth Congress...