Central Board of Direct Taxes 
Business

Utmost care for start-ups in I-T issues: Central Board of Direct Taxes

Income Tax related issues of startups must be handled with “utmost care” and a final action taken report on their grievances should be submitted within three working days, the CBDT told the taxman.

migrator

New Delhi

It has also asked the regional heads of the Income Tax Department to constitute a startup cell at their offices.


The Central Board of Direct Taxes (CBDT), which frames policy for the tax department, issued an order on Monday stating some fresh directions for handling grievances of startups. “...the issue relating to startups are to be handled with utmost care. All the officers in your charge must be sensitised to handle such issues accordingly,” the order sent to all regional chiefs of the I-T Department said. It also issued directions on handling of grievances of startups: In case of any grievance, the preliminary action taken report is to be submitted to this office (CBDT) by the next day, that is within one working day of calling of the report by this office, the order said. “The final ATR (action taken report) in this regard is to be submitted within three working days of calling of the report by this office,” it stated. On August 30, the CBDT had notified creation of a five-member special cell to address grievances of startups with relation to angel tax and other tax-related issues.

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