<p class="title">The CBDT on Friday notified creation of a five-member special cell to address the grievances of startups with relation to angel tax and other tax-related issues.</p>.<p class="bodytext">An order issued by the Central Board of Direct Taxes (CBDT) said the 'Startup Cell' will be headed by the member (Income Tax and Computerisation) of the Board.</p>.<p class="bodytext">"The cell will work towards redressal of grievances and mitigate tax-related issues in case of startup entities with respect to the administration of Income-tax Act, 1961," the order, accessed by PTI, said.</p>.<p class="bodytext">Finance Minister Nirmala Sitharaman had last week announced the creation of such a cell in the CBDT during a press conference and had announced exempting startups from the so-called angel tax.</p>
<p class="title">The CBDT on Friday notified creation of a five-member special cell to address the grievances of startups with relation to angel tax and other tax-related issues.</p>.<p class="bodytext">An order issued by the Central Board of Direct Taxes (CBDT) said the 'Startup Cell' will be headed by the member (Income Tax and Computerisation) of the Board.</p>.<p class="bodytext">"The cell will work towards redressal of grievances and mitigate tax-related issues in case of startup entities with respect to the administration of Income-tax Act, 1961," the order, accessed by PTI, said.</p>.<p class="bodytext">Finance Minister Nirmala Sitharaman had last week announced the creation of such a cell in the CBDT during a press conference and had announced exempting startups from the so-called angel tax.</p>