The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax holiday as specified in … Read more
The Finance Ministry has simplified the process of assessment in the case of Startup entities. In cases where scrutiny assessments of Startup entities are pending, the CBDT has decided that: … Read more
Another crucial change is that no entity with a turnover of Rs 100 crore and above can be called a startup any longer. Revising the current definition of startups and … Read more
Government has launched the Startup India Initiative with the objective of building strong eco-system for nurturing innovation and startups in the country. The incentives available to Startups under Startup India … Read more
Start-ups and their investors filing requisite declarations not to be subjected to any scrutiny regarding valuations of share premiums. E-verification mechanism proposed for establishing identity of the investor and source … Read more
Stand-Up India Scheme extended till 2025. Government proposes streamlining multiple labour laws into a set of four Labour Codes. New-age skills like AI, Big Data, VR, Robotics and Internet of … Read more
Start-up India initiative launched on 16thJanuary 2016, consists of 19 Action Points that act as a guiding document for the initiative. Salient features of these action points are at Annexure … Read more
Startups receiving investments from Ventures Capital Fund are exempt from taxation as per provision of Section 56, (2) (vii b) of Income Tax Act 1961 (Act). Angel Fund is sub … Read more
Department for Promotion of Industry and Internal Trade (DPIIT), in coordination with Central Ministries/Departments and Governments of States/Union Territories (UTs), has taken several reform measures with an aim to improve … Read more
Direct funding support to startups is not envisaged under Startup India Programme. Government of India has established Fund of Funds for Startups (FFS), to meet the funding needs of startups. … Read more