Startup brace for legal war with I-T

Neeraj0120 Apr, 2017Business

With startup fever having waned over the past year or so amid concerns over profitability and competition, valuations have declined sharply. Last month, the tax consultancy firms in Delhi department challenged such reductions at about 100 startups and issued orders seeking 33% tax at the elevated levels that prevailed earlier. Some startups have moved the income-tax tribunal against the notices while others have approached their advisers and could seek legal recourse in the coming days. For more information visit at: http://bit.ly/2nj0Oog