https://www.taxtmi.com/notifications?id=128472 The notification revises approval procedures for DIPP-recognised startups seeking exemption under clause (viib) of section 56(2) by defining CBDT's role, setting capital-threshold and investor eligibility conditions, requiring submission of Form-2 to DIPP with detailed share, shareholder and valuation information, and mandating transmission to CBDT which must decide within forty-five days; audited accounts, startup tax returns, and investor income-tax returns and net worth certificate are required. en-us Wed, 16 Jan 2019 00:00:00 +0530 Wed, 20 Feb 2019 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128472 The notification revises approval procedures for DIPP-recognised startups seeking exemption under clause (viib) of section 56(2) by defining CBDT's role, setting capital-threshold and investor eligibility conditions, requiring submission of Form-2 to DIPP with detailed share, shareholder and valuation information, and mandating transmission to CBDT which must decide within forty-five days; audited accounts, startup tax returns, and investor income-tax returns and net worth certificate are required. Notifications Indian Laws Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128472