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taxmann.com

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Investments

1

About Taxmann

Taxmann is a publisher of tax and corporate laws in India. Besides publishing the books, it maintains the most accurate and largest online database on Direct-taxes (Domestic as well as International Taxation), Corporate Laws, Indirect-taxes, Accounts & Audit and Indian Acts & Rules.

Taxmann Headquarter Location

59/32, New Rohtak Road

New Delhi, 110005,

India

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Latest Taxmann News

CBDT#39;s procedure for pending angel tax assessment cases to provide safeguard to start-ups: Experts

Aug 15, 2019

Last Updated : Aug 15, 2019 06:25 PM IST | Source: PTI CBDT's procedure for pending angel tax assessment cases to provide safeguard to start-ups: Experts Naveen Wadhwa, DGM, Taxmann said that the board has also issued a circular to provide relief to start-ups which are undergoing assessment proceedings with respect to angel tax issue. The government's recent decision to give relief to start-ups on assessment of angel tax notices would provide a safeguard to them and promote their growth, according to experts. Seeking to calm the nerves of start-ups worried about angel tax, the government last week assured that explanation given by them to a tax notice in a limited scrutiny case would be summarily accepted without any questions asked by the taxman. The Central Board for Direct Taxes' (CBDT) circular with this effect "brings in more safeguard by requiring assessing officers to procure his or her supervisor's consent before starting on any inquiry under the angel tax provision against a start-up company which has not got DPIIT approval," S. Vasudevan, Partner, Lakshmikumaran & Sridharan said. However, he added that the circular does not specify any minimum rank of the consenting superior officer. Amit Maheshwari, Partner, Ashok Maheshwary & Associates LLP said that CBDT's clarification will help start-ups which are facing questioning in their assessments and will also give a clear direction to assessing officers on what to do in such cases. Naveen Wadhwa, DGM, Taxmann said that the board has also issued a circular to provide relief to start-ups which are undergoing assessment proceedings with respect to angel tax issue. "The CBDT has directed the assessing officers to accept the contention of start-ups with regards to angel tax issue if start-up is an eligible start-up in view of latest notification of DPIIT," he said.

Taxmann Investments

1 Investments

Taxmann has made 1 investments. Their latest investment was in Mindler as part of their Seed on December 12, 2016.

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Taxmann Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/21/2016

Seed

Mindler

$0.32M

Yes

1

Date

12/21/2016

Round

Seed

Company

Mindler

Amount

$0.32M

New?

Yes

Co-Investors

Sources

1

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