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News
tax holiday
Tax holiday News
union budget 2023
01 Feb 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.
Central Board of Direct Taxes
23 Aug 2019
Small start-ups with turnover upto Rs 25 cr will continue to get tax holiday
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.
mobile
27 Nov 2016
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.
Niti Aayog
05 Jun 2016
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.
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