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2 days ago · The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed eliminating the Angel Tax for startups ahead of Budget 2024, said Secretary Rajesh Kumar Singh. Introduced in 2012 under Section 56(2)(viib) as an anti-abuse measure to prevent tax evasion, the tax is levied above 30%. DPIIT asserts this removal could enhance capital formation in India.
1 day ago · The streamlined process which is available for PLI members will now be extended to non-PLI members as well, which are operating in those same strategic sectors. The PLI scheme covers 14 sectors, including mobile phone, drone, white goods, telecommunications, textiles, automobiles, specialty steel, and pharmaceutical drugs, among others. Earlier this week, Commerce and Industry minister
1 day ago · New Delhi: The Department for Promotion of Industry and Internal Trade ( DPIIT) has inked a pact with think tank NCAER to develop a detailed framework for assessment of logistics cost and carry out a study for assessment of the cost for 2023-24. The Ministry of Commerce and Industry said in a statement that the think tank would also do an ...
2 days ago · The recommendations of DPIIT are not binding on the government and the finance ministry will take the final call on the matter. Earlier, Aarin Capital TV partner Mohandas Pai termed angel tax as a ...
1 day ago · A background has been prepared for assessing the logistics cost in India for FY24. The Department for Promotion of Industry and Internal Trade (DPIIT) has inked a pact with think tank NCAER for devising a detailed framework for assessing logistics cost for 2023-24. The Ministry of Commerce and Industry said in a statement that the
1 day ago · The MoU was signed by Secretary and Operations Director, NCAER, Anil Sharma and Joint Secretary, DPIIT S K Ahirwar. The government had launched the National Logistics Policy (NLP) on 17th ...
1 day ago · 5 July 2024 12:22 PM GMT. DPIIT Seeks Angel Tax Removal for Startups, Awaits Nod. (Representational Image) New Delhi: Ahead of the Union Budget, the department for promotion of industry and ...
