Congress Lok Sabha 2024 manifesto: Tax overhaul, no angel tax, relief for salaried, MSMEs & farmers

Congress Lok Sabha 2024 manifesto: Tax overhaul, no angel tax, relief for salaried, MSMEs & farmers

With barely few weeks to go for the 2024 Lok Sabha elections, the Congress party has released its manifesto today, focussing on work, welfare and wealth. The party has called the manifesto “Nyay Patra”. In the taxation part of the manifesto, the Congress has promised a “complete overhaul of India’s taxation system to make it … Read more

Angel Tax: No assessment of startups registered with DPIIT

Angel Tax: No assessment of startups registered with DPIIT

The Central Board of Direct Taxes (CBDT) has clarified to the field formations that assessing officers will not pick up cases for scrutiny for startups registered with the Department for Promotion of Industry and Internal Trades (DPIIT) if the cases are related to the valuation of angel tax. This means startups registered by the DPIIT … Read more