Taxmann’s Taxation of Start-ups & Investors As amended by Finance Act 2023 Edition 2023

Description

Taxmann’s Taxation of Start-ups & Investors As amended by Finance Act 2023 Edition 2023

Taxmann’s Taxation of Start-ups & Investors As amended by Finance Act 2023 Edition 2023

Description

Taxmann New Law Relating to Taxation of Start ups & Investors

Taxmann’s Taxation of Start-ups & Investors is a ready referencer to understand the taxation of start-ups and other operational issues. All complex provisions have been explained by way of detailed case studies, illustrations, FAQs and Start-up Ready Reckoners. This book incorporates the following:

• Start-up Ready Reckoner
• For turnover-limit linked compliances/exemptions for the following:
• Private Companies
• Limited Liability Partnership
• Tradition/General Partnership Firm
• Tax benefits available to DPIIT-recognized Start-ups Private Limited Companies based on their Turnover
• Eligibility reckoner for tax holiday u/s 80-IAC
• Inter-Ministerial Board Start-up India Certification
• Guidelines for Tax Holiday application
• Guidelines on video presentation for application for Tax Holiday
• Case Studies of acceptance/rejection of application for Tax Holiday

The Present Publication is the 4^th Edition, which incorporates all the changes made by the Finance Act, 2021. The key features of this book are as follows:

• [Detailed Analysis of Difference between MSMEs and Start-ups} and benefits available under the MSMED Act, 2006
• [Guidance on Compliances and Approvals] needed by the Start-ups for continuation of their business.
• [Analysis of Multiple Tax Exemptions & Benefits and Holidays} available under the Income-tax Act
• [Taxability of Investors & Eligibility u/s 54GB] In-depth discussion including practical examples of taxability of the investors and their eligibility of deduction under section 54GB
• [Angel Tax] Breakdown of all the aspects relating to ‘Angel tax’ and how to claim exemption therefrom
• [Practical Implications] Demonstrating actual implications of reconstruction of the Start-ups, fast track mergers

The detailed contents of the book are as follows

• Start-up
• Definition of Start-up as per DPIIT Notification
• Approvals Needed by Start-up Entity for Claiming Tax Benefits
• Tax Efficacy of Different Start-up Entity Forms – Firms, LLPs & Private Companies
• One Person Company as Start-up Entity
• Tax Holiday to Start-ups under Section 80-IAC
• Funding Blues of Private Limited Start-up Companies
• Tax Implication of Funding a Start-up by Investing in it from Sale of Residential Property Invested in Start-up | Section 54GB
• Exemption from Angel Tax to Private Limited Companies Start-ups
• Computation on Fair Market Value of Shares Issued when Angel Tax Exemption is not applicable
• Condition for Carry Forward or Set-off of Losses of Start-up PLC under Section 79
• Deferring TDS or Tax Payment in Respect of ESOP Income of Employees of Eligible Start-ups
• Mandatory Acceptance of Payment through Prescribed Electronic Modes if Turnover Exceeds Rs. 50 Crores | Section 269SU
• Constitution of Dispute Resolution Committee for Small and Medium Taxpayers
• Fast-Track Mergers/Amalgamation for Start-ups
• Taxation of Investors Exiting Start-ups
• Tax on Reconstitution of Firms/LLPs

About the author

Srinivasan Anand G is a Practicing Chartered Accountant. He has qualified in the exams of all three premier professional institutes, i.e. ICAI, ICWAI & ICSI.

He is associated as a guest faculty with various institutes such as Regional Training Institute, Comptroller & Auditor General of India, Western Coalfields Ltd., Punjab National Bank, Zonal Training Centre. He has also spoken at Study Circle Meetings organized by Nagpur Branch of ICAI.