February 1, 2021 8:27 PM

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Tax holiday for start ups extended for another year till March 2022

<span style="color: #222222;">In order to incentivise start-ups in the country, the Government has extended the eligibility for claiming tax holiday for start-ups by one more year – till 31stof March, 2022. The Government has also extended the capital gains exemption for investment in start-ups by one more year – till 31stof March, 2022 to incentivise funding of the start-ups.<br />''<br />''The Government has increased FDI limit from 49 to 74 per cent in Insurance Companies and allowed foreign ownership and control with safeguards.<br />''<br />''The Government has proposed to infuse 20 thousand crore rupees to re-capitalized Public Sector Banks. </span><br />

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