CBDT issues consolidated Circular for Assessment of Startups.
In order to provide a hassle free tax environment to the Startup’s, a series of announcements have been made by the Hon’ble Finance Minister in her Budget Speech of 2019 and also on 23rd August 2019.
To give effect to these announcements, the CBDT has issued various circulars/clarifications in the matter.
On 30th August 2019, vide circular No. 22/2019, the CBDT has consolidated all circular and notifications in one circular.