CBDT constitutes Start-up Cell for redressal of grievances related to Startups
New Delhi, Aug 31 (KNN) In order to redress grievances and address various tax related issues in the cases of Start-ups, a Start-up Cell has been constituted by Central Board of Direct Taxes (CBDT).
As a part of the measures for mitigating the genuine difficulties of Start-ups, it was decided that a dedicated cell would be set up under a member of CBDT for addressing the specific problems of Start-ups, said Ministry of Finance.
The Cell will work towards redressal of grievances and mitigate tax-related issues in case of Start-up entities with respect to administration of the Income-tax Act, 1961.
Start-up entities can approach the Cell for speedy resolution of their grievances. This initiative is the latest amongst the recent initiatives taken by CBDT to further ease the compliance issues pertaining to Start-ups.