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In order to incentivise start-ups in the country, the government has extended the eligibility for claiming tax holiday for start-ups by which year?

In order to incentivise start-ups in the country, the government has extended the eligibility for claiming tax holiday for start-ups by which year? Correct Answer 2022

The correct answer is 2022.

  • 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 31 March 2022.
  • The Government has also extended the capital gains exemption for investment in start-ups by one more year - till 31st March 2022 to incentivise funding of the start-ups.
  • The Government has increased FDI limit from 49 to 74 per cent in Insurance Companies and allowed foreign ownership and control with safeguards.

Related Questions

Which of the following components are true about tax planning?
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3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.
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