<h1>CBDT Simplifies Tax Compliance for Start-ups, Exempts Section 56(2)(viib) Before Feb 2019, Launches Start-up Cell for Grievances.</h1> The Central Board of Direct Taxes (CBDT) has consolidated various circulars to simplify tax compliance for start-ups. This includes a streamlined assessment process for start-ups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), with specific timelines for completing pending assessments. The circular clarifies that certain tax provisions, particularly section 56(2)(viib), will not apply to assessments before February 19, 2019, if a declaration was filed. Outstanding tax demands related to this section will not be pursued. Additionally, a Start-up Cell has been established to address tax-related grievances, with an option for online submissions.