Department of Industrial Policy and Promotion (DIPP), under the Indian government’s Ministry of Commerce and Industry, in a notification dated 23 May 2017, has issued new guidelines on the startup scenario. These new recommendations are in supersession of the notification earlier issued by DIPP o…
Tag: tax holiday
Income Tax benefits for start-ups: Just 10 out of 208 qualify
Only 10 start-ups have benefited from the government’s decision to give income tax exemption to eligible start-ups. This was even as 208 applications were considered for these tax benefits since the launch of the scheme in January, 2016. “Out of the total applications received, 208 applications c…
Budget 2017: Veterans & SMEs take on hits & misses
Finance Minister Arun Jaitley has come up with major sops in much awaited Budget 2017-18. Stumbling under the after-effects of demonetisation, SMEs especially had their fingers-crossed when the FM began with the announcements. The 2 hours ticked swiftly once the Minister began strongly positionin…