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Startups make fresh plea to government on angel tax exemption

Updated : January 29, 2019 04:43 PM IST

Startups had earlier written to the revenue department, DIPP and CBDT on the issue after they received notices under Section 56(2) (viib) of the Income Tax Act.
DIPP has also sought views from stakeholders for better implementation of the recently announced procedure for startups to seek angel tax exemption.
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