Current Affairs - Miscellaneous - Discussion

Discussion :: Miscellaneous - Latest Current Affairs (Q.No.158)

158. 

Which organization has constituted a 5-member special cell, 'Startup Cell' to address the grievances of startups with relation to angel tax and other tax-related issues?

[A]. Central Board of Direct Taxes (CBDT)
[B]. Income Tax Air Intelligence Unit
[C]. Central Board of Excise and Customs(CBEC)
[D]. Central Economic Intelligence Bureau(CEIB)

Answer: Option A

Explanation:

In a bid to redress the grievances of start-ups and reduce their tax-related issues, The Central Board of Direct Taxes (CBDT) has constituted a 5-member special cell, 'Startup Cell' led by the member (Income Tax and Computerisation) of CBDT, which will towards the issues with relation to angel tax and others in case of Start-up entities with respect to administration of the Income-tax Act, 1961.

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