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Norms for Start-up
February 22 , 2019
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- Giving a major relief to start-ups, the government has decided to relax angel taxnorms for start-up.
- Investment limit was increased to Rs 25 crore for availing income tax concessions by start-up from 10 crores.
- An entity shall be considered a start-up up to 10 years from its date of incorporation/registration instead of the previous period of 7 years.
- An entity would be considered as a start-up up to a turnover of Rs 100 crore as against the earlier limit of Rs 25 crore.
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