Budget proposals for startups
Increase in paid-up capital of small firms from up to Rs 50L to up to Rs 2.50 Cr.
Registration of one-person firms with no limit on paid-up capital
These firms can convert into firms of any sector in the future
So far only this. Lets see what she does on tax more
Loan not giving to deserve who propel economy but influencer more
Even the Raising tax audit limit from Rs 5 Cr to 10 Cr is a welcome step - provided 95% transactions are in digital mode more
Additional ones For Startups: - Eligibility of tax holiday extended by one more year. - Extend capital gains tax exemption for investments into startups by another year (until March 2022). But applies to only 300 odd startups more