MENU

Published on 1/02/2021 2:19:47 PM | Source: IANS

Tax holiday for startups to be extended by one more year

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel  https://t.me/InvestmentGuruIndia 

Download Telegram App before Joining the Channel

Union Finance Minister Nirmala Sitharaman on Monday proposed the extension of tax holiday for startups by one more year.

The move announced during the Budget presentation comes as India focuses on Aatmanirbhar Bharat mission aimed at making India a self-reliant nation.

In another boost for startups, Sitharaman said that one-person companies will be allowed to grow without any restriction on paid-up capital or turnover and to convert into any other type of company at any time.

The Union government announced tax relief for startups in the previous budget also as part of its efforts to boost the ecosystem in the country.

The Finance Minister last year also announced five-year tax holiday on employee stock ownership plan (ESOPs) for start-ups.

marsbahis marsbahis marsbahis marsbahis
1xbet 1xbet bahisno 1 bahsegel slot oyna ecopayz güvenilir bahis siteleri canlı bahis siteleri iddaa marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis marsbahis restbet canlı skor süperbahis mobilbahis