Union Budget 2023: Centre Extends Tax Holiday for Homegrown Startups till March 31, 2024
Union Budget 2023 News Update: FM Sitharaman announced that there will be no tax for income up to Rs 3 lakh; 5 percent tax on Rs 3-6 lakh while highest tax rate of 30 percent on income above Rs 15 lakh will be levied under new I-T regime.
Feb 01, 2023, 15:11 PM IST
Small start-ups with turnover upto Rs 25 crore will continue to get tax holiday, clarifies CBDT
The Section 80-IAC of the Income Tax Act, 1961 provides deduction for 100 percent of income of an eligible start-up for 3 years out of 7 years from the year of its incorporation.
Aug 23, 2019, 11:43 AM IST
Mobile firms seek 10-year tax holiday, raise case of components makers
Mobile industry body Indian Cellular Association has sought a 10-year tax holiday to scale up mobile manufacturing to international standards to help India become competitive as against preferred destinations like China and Vietnam.
Nov 27, 2016, 17:25 PM IST
Niti seeks tax holiday on $1 bn investment in electronic manufacturing
In a bid to attract large firms into India, Niti Aayog has suggested a 10-year tax holiday for companies investing over USD 1 billion in electronics manufacturing activities.
Jun 05, 2016, 14:11 PM IST
