Resolve angel tax issues fast, CBDT tells its officers - ET Retail

Resolve angel tax issues fast, CBDT tells its officers - ET Retail

  • The Central Board of Direct Taxes ( CBDT ) has asked its officers across India to avoid taking “coercive measures” against companies that have received notices under the so-called angel tax , in what can be seen as softening of its stance on an issue that has roiled the startup ecosystem.
  • In its written communication, the department also asked tax commissioners to resolve disputes with startups on a priority basis.
  • There is no reprieve so far for several startups that have received demand orders, but if their appeals are handled in a fast-track manner and the new Startup India angel tax exemption certificate is considered in the appeals process, it would be very helpful to them,” said Sachin Taparia, chairman of LocalCircles, a social media platform.
  • The letters also ask tax officers to dispose of pending appeals in angel tax cases.


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