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Tax holiday for start ups extended for another year till March 2022

In order to incentivise start-ups in the country, the Government has extended the eligibility for claiming tax holiday for start-ups by one more year – till 31stof March, 2022. The Government has also extended the capital gains exemption for investment in start-ups by one more year – till 31stof March, 2022 to incentivise funding of the start-ups.

The Government has increased FDI limit from 49 to 74 per cent in Insurance Companies and allowed foreign ownership and control with safeguards.

The Government has proposed to infuse 20 thousand crore rupees to re-capitalized Public Sector Banks. 

 

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