• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Proposal cleared to boost investment in start-ups in India

22 Feb '19
1 min read
Pic: rawpixel.com from Pexels
Pic: rawpixel.com from Pexels

Indian minister for commerce and Industry and civil aviation Suresh Prabhu recently cleared a proposal to simplify the process of exemptions for start-ups under the Income Tax Act. The Department for Promotion of Industry and Internal Trade (DPIIT) has issued a gazette notification regarding that. The definition of start-ups will expand with this.

Now an entity will be considered a start-up up to a period of ten years from the date of incorporation and registration instead of the earlier duration of seven years. Similarly, an entity will continue to be recognised as a start-up, if its turnover for any of the financial years since incorporation and registration has not exceeded ₹100 crore. This figure was ₹25 crore earlier, according to an official press release.

All start-ups will file a signed declaration with DPIIT for availing exemption. The declaration will be transmitted by DPIIT to the Central Board of Direct Taxes. (DS)

Fibre2Fashion News Desk – India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search