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Now Tax man need approval from CBDT to probe Startups on Angel tax

Now Tax man need approval from CBDT to probe Startups on Angel tax

08th, August 2019

The Central Board of Direct Taxes (CBDT) has explained that IT representatives will need the permission of their superior to scrutinize start-ups pursuant to Section 56(2)(viib) of the Income Tax Act, now known as angel tax, and for "other problems." The move is in line with last month's budget anno

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