Monday, April 25, 2016

Committee for Granting Certificate of Eligibility for Tax Benefits Constituted !


Readers must recall that this blog had earlier posted that the tax exemption to startup are available only when the startups are given "certificate of eligibility for tax exemption" . As per the process of awarding the certificate of eligibility shall be by a committee constituted by the government. Now the committee has been constituted as per notification date 22/04/2016 


Committee for Certificate of Eligibility 



MINISTRY OF COMMERCE AND INDUSTRY (DEPARTMENT OF INDUSTRIAL POLICY AND PROMOTION) 
NOTIFICATION 
New Delhi, 
the 22nd April, 2016 G.S.R. 439(E).—

The Government of India, vide Notification No. G.S.R. 180(E), dated 17th February, 2016 defined ‘startup’ under Startup India initiative, and has declared that a certificate of eligibility shall be required by such ‘startup’ for availing tax benefits under the Income Tax Act, 1961.

 The Government of India hereby constitutes the Inter-Ministerial Board for the said purpose as follows:

(i) Shri Shailendra Singh, Joint Secretary, Department of Industrial Policy & Promotion,
(ii) Dr. Alka Sharma, Director/Scientist ‘F’, Department of Biotechnology, and
(iii) Sh. H.K. Mittal, Head, Innovation/Entrepreneurship & National Science & Technology Entrepreneurship Development Board, Department of Science & Technology.

[F. No. 5(91)/2015-BE.I] SHAILENDRA SINGH, Jt. Secy

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