Tax Exemption to Start-Ups

DPIIT accepts applications and declarations from Startups applying for Angel Tax Exemption and on the receipt of the same, DPIIT forwards these application to CBDT. As on 21st June, 2019 a total of 944 applications for Angel Tax Exemption have been received. 39 applications have been found to be incomplete, and 203 applications were repeat or modified applications. CBDT has exempted 702 startup’s under this provision.

 

Press Release attached here your reference.