Pursuant to complaints from eminent citizens that the Income-tax Department is indulging in “tax terrorism” of start-up entities, a “startup cell” comprising of five high-ranking officials of the CBDT has been set up to redress grievances and address various tax related issues in the cases of Startups. The CBDT had earlier instructed AOs that no coercive measures to recover the outstanding demand should be taken if additions have been made u/s 56(2)(viib) of the Income-tax Act, 1961 read with Rule 11UA(2)
Draconian Angel tax torturing startups: It’s killing genuine innovation
@PMOIndia @narendramodi @arunjaitley @sureshpprabhu @sanjeevsanyal Sir this has started again in big https://t.co/hwFttS1aZi intervene urgent https://t.co/a63XKp4sIa— Mohandas Pai (@TVMohandasPai) December 18, 2018
@narendramodi Sir we need your direct intervention to solve the issue of tax terrorism for Angel Tax. The anger amongst start ups is very worrisome. Pl intervene. All the good work of govt through start up India is being negated! @PMOIndia we do not our innovators to go overseas https://t.co/04L1EzfCgx
— Mohandas Pai (@TVMohandasPai) December 19, 2018
Why is the Modi Govt blundering on the Start-up economy by recklessly introducing a tax on angel investments? This will only drive away investments overseas n starve Indian start ups. @NITIAayog n MoF r failing young entrepreneurs n even killing jobs. @PMOIndia @TVMohandasPai
— Kiran Mazumdar Shaw (@kiranshaw) December 21, 2018
F.No. 187/6/2019-ITA-I
Government of India
Ministry of Finance
Department of Revenue
Centra l Board of Direct Taxes
(ITA-I Division)
*****
New Delhi , dated the3°’kugust, 2019
ORDER
Subject:- Constitution of Startup Cell for redressal of grievances and mitigation of
other tax-related issues – regarding.
In order to redress grievances an d address various tax related issues in the cases
of Startu ps, a Startup Cell is hereby cons tituted with the following ex-officio members:
SN Portfolio Desiznation Contact Number
1 Member !IT &C\ Chairman 011-23092831
2 JS-TPL-II Member 011-23092859
3 CIT(ITA) Member 011-23092837
4 Direc tor (ITA-I) Member Secretary 011-20392107
5 Under Secretarv (ITA-I) Member 011-20395479
2. The Cell will work towards redressal of grievances an d mitigate tax-related
issues in case of Startup entities with respect to ad ministration of Income-tax Act, 1961.
3. The Cell, for any grievances/communica tions relating to Startups may be
approached at % Under Secretary, ITA-I, Room No. 245A, North Block, New Delhi 110001.
Ph. No. 011-23095479 / 23093070 (F). The Cell will also be accessible at
startupcell.cbdt@gov.in.
4. This issues with the approval of Chairman, CBDT.
Yours faithfully,
( Prajna Paramita )
Director (ITA-I)
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