Direct Tax in India

The major director tax in India is Income Tax. The tax is levied on each type of assessees. The rates of tax will change from year to year based on finance act.

Angel Tax Exemption under Notification dated 16th January 2019

Angel tax exemption under Notification dated 16th January 2019 to all startups registered with DIPP

Angel Tax Exemption to Start-Up

As per the new Notification, an entity will be considered as a Start-ups upto a period of ten years from the date of incorporation and registration in place of the earlier duration of 7 years.

What is Angel Tax?

The Angel tax was introduced by then finance minister Pranab Mukherjee in the 2012 Union Budget to arrest laundering of funds.

Goods and Service Tax (GST)

GST is a single comprehensive tax on the supply of goods and services across India, right from the manufacturer to the Consumer. GST is applicable to the whole of India except the state of Jammu & Kashmir.