The income tax department has sought to allay fears of companies, particularly those in the Small and Medium Enterprises (SMEs) sector, over reopening of earlier cases due to increased turnover reported in the current financial year because of digitisation. In a circular, the Central Board of Dir…
Tag: Vikas Vasal
Start-ups formed under Limited Liability Partnerships to get three-year tax holiday
The Modi-led Government has given a boost to the start-up ecosystem in the country by allowing start-ups, set up as Limited Liability Partnerships (LLPs), to be eligible for a three-year tax holiday. This forms part of the 55 amendments moved by Finance Minister Arun Jaitley to the Finance Bill 2…