22.1 C
Indore
Friday, November 8, 2024
Home Gadgets Startups get tax breaks for one more year in Budget 2021

Startups get tax breaks for one more year in Budget 2021


Mumbai: Finance Minister Nirmala Sitharaman has introduced tax incentives for startups, together with an extension in capital positive factors exemption by one yr, in Union Finances 2021-22. The eligibility for claiming tax vacation for startups will even be prolonged by yet another yr to March 2022, the finance minister mentioned.

The federal government additionally proposed to incentivise incorporation of one-person corporations (OPCs), a transfer which can profit startups and innovators. Sitharaman mentioned incorporation of OPCs shall be incentivised by permitting such corporations “to develop with out restriction on paid-up capital and turnover, permitting conversion into some other sort of firm at any time, lowering residency restrict for an Indian citizen to arrange an OPC from 182 days to 120 days, and permit additionally non-resident Indians to include OPCs in India”.



The federal government additionally introduced a Rs 1,500-crore scheme to spur digital funds.

/* Person Identification Code Begin */
var _tiluuid = localStorage.getItem(‘_tiluuid’);
if (_tiluuid === null) {
perform receiveMessage(evt) {
if (evt.origin === ‘https://tilanalytics.timesinternet.in’) {
_tiluuid = evt.information;
localStorage.setItem(‘_tiluuid’, _tiluuid);
}
}
window.addEventListener(‘message’, receiveMessage, false);
doc.getElementById(“_tiluuid_frame”).src=”https://tilanalytics.timesinternet.in/frame_v3.min.html”;
}
/* Person Identification Code Finish */

var urlParams = window.URLSearchParams && new URLSearchParams(window.location.search),
optParam = urlParams.get && urlParams.get(‘choose’);

var objSec = {template: ‘articleshow_main’, msid:’80627922′, secNames: [‘tech’,’startups’],secIds:[‘2147477890′,’13357270′,’78570540’]};

var tmplName = tpName=”articleshow_main”,lang = ”,nav_sec1,newHookId,subsec1_value,subsec1_common = ‘13357270’,newHookId2,subsec2_value,subsec2_common = ‘78570540’;
var objVc = {version_on:’20210201134024′,js_newyearsale:’7′,js_etsubscription:’1′,js_onboarding_popup_sh:’5′,js_comments:’111′,js_googleslock:’782′,js_googlelogin:’54’,js_common_buydirect:’749′,js_bookmark:’18’,js_login:’46’,js_datepicker:’2′,js_electionsmn:’22’,js_push:’54’,css_buydirect:’14’,js_tradenow:’19’,js_commonall:’138′,lib_login:’https://jssocdn.indiatimes.com/crosswalk/jsso_crosswalk_legacy_0.5.9.min.js’,live_tv:'{“onoff_flag”:”0″,”platform”:”desktop”,”sections”:[“79755474″,”1977021501″,”1715249553″,”13352306″,”5575607″,”837555174″,”359241701″,”13357270″,”897228639″,”7771250″,”1466318837″],”pages”:”all”,”auto_open”:”1″,”default_tv”:”0″,”timePeriod”:{“showTimeFlag”:false,”fromTime”:””,”toTime”:””}}’,live_tv_skin:’1′,global_cube:’1′,global_cube_wap:’1′,global_cube_faces:’2′,global_cube_fullad:’0′,global_cube_landingon:’sensex’,global_cube_wap_url:’https://m.economictimes.com/iframe_cube.cms’,site_sync:’0′,adx:’1′,amazon_bidding:’1′,fan_ads:’0′,trackAdCode:’0′,ajaxError:’1′,oauth:’oauth’,planPage:”https://economictimes.indiatimes.com/plans.cms”,planPageTest:’https://economictimes.indiatimes.com/plans.cms’,subscriptions:’subscriptions’,krypton:’kryptonp’,apw:’apw’,nlSubscribe:’etsub3′};
if(window.location.host == ‘economictimes-pp.indiatimes.com’) {
objVc.oauth=”oauth-pp”;
objVc.krypton = ‘krypton-pp’;
objVc.subscriptions=”subscriptions-pp”;
objVc.apw = ‘apw-pp’;
}
var objDim = {d52:’nature_of_content’,d96:’continuous_paywall_hits’,d95:’monthly_article_count’,d10:’user_login_status_hit’,d54:’content_shelf_life’,d98:’daily_paid_article_count’,d53:’content_target_audience’,d97:’monthly_paid_article_count’,d12:’tags_meta_keyword’,d56:’degree_of_conten’,d11:’content_theme_the_primary_tag’,d55:’content_tone’,d14:’special_coverage’,d58:’et_product_item’,d13:’article_publish_time’,d16:’video_embed’,d15:’audio_embed’,d59:’show_paywall_final’,d61:’paywall_probability’,d60:’paywall_score’,d63:’paid_articles_read’,d62:’eligibility_paywall_rule’,d65:’bureau_articles_read’,d20:’platform’,d64:’free_articles_read’,d23:’author_id’,d67:’loyalty’,d66:’article_length’,d25:’page_template’,d24:’syft_initiate_page’,d68:’paywall_hits’,d27:’site_sub_section’,d26:’site_section’,d29:’section_id’,d28:’prime_deal_code’,d70:’us_election_2020′,d72:’paywall_experiment’,d71:’plan_group_id’,d32:’prime_article_read_before_syft’,d75:’watchlist_active_status’,d34:’content_age’,d33:’prime_article_read_before_success’,d36:’sign_in_initiation_position’,d35:’subscription_method_hit’,d37:’user_subscription_status’,d1:’et_product’,d2:’blocker_type’,d3:’user_login_status_hit’,d4:’company’,d5:’author_name’,d6:’cms_content_publishing_type’,d7:’content_personalisation_level’,d8:’article_publish_date’,d9:’sub_section_name’,d40:’freeread’,d45:’prime_hp_ui_template’,d47:’prime_hp_ui_content_b_color’,d46:’prime_hp_ui_content_size’,d49:’syft_initiate_position’,d48:’content_msid’,d92:’last_click_source’,d50:’signin_initiate_page’,d94:’daily_article_count’,d93:’internal_source’};var serverTime=”02.01.2021 13:43:34″;var WRInitTime=(new Date()).getTime();
(perform () {if (self !== prime) {var e = perform (s) {return doc.getElementsByTagName(s)}; e(“head”)[0].innerHTML = ‘*{show:none;}’; setTimeout(perform () {e(“physique”)[0].innerHTML = ”; var hEle = e(“html”)[0]; hEle.innerHTML = ‘economictimes.indiatimes.com‘; hEle.className=””; prime.location = self.location; }, 0);}})();

_log = window.console && console.log ? console.log : perform () {};
// Creating Components for IE : HTML 5 and cross area checks
(perform () { var elem = [“article”, “aside”, “figure”, “footer”, “figcaption”, “header”, “nav”, “section”, “time”];
for(var i=0; i -1) { window[disableStr + ‘-‘ + gaProperty] = true; }

ga(‘set’, ‘anonymizeIp’, true);
ga(‘create’, gaProperty, ‘auto’, {‘allowLinker’: true});
ga(‘require’, ‘linker’);
ga(‘linker:autoLink’, [‘economictimes.com’]);
ga(‘require’, ‘displayfeatures’);
window.optimizely = window.optimizely || [];
window.optimizely.push(“activateUniversalAnalytics”);
ga(‘require’, ‘GTM-WV452H7’);
customDimension.dimension1 = “ET Free”;
customDimension.dimension4 = “ETtech”;

customDimension.dimension6 = “Native – 80627922”;
customDimension.dimension8 = “Feb 01, 2021”;
customDimension.dimension9 = “Startups”;

customDimension.dimension12 = “startups funds 2021,startup taxation in india,startup tax incentives,union funds 2020-21,funds 2021 on startups,funds 2021,funds 2021 highlights,startups”;
customDimension.dimension13 = “01:07 PM IST”;

customDimension.dimension15 = “No”;
customDimension.dimension16 = “No”;

(perform () {
var a = window.localStorage && localStorage.getItem(‘et_syftCounter’) || ”;
a = a && JSON.parse(a) || {};
if(a.beforeSyft && customDimension) {
customDimension.dimension32 = a.beforeSyft;
}
if(a.afterSyft) {
customDimension.dimension33 = a.afterSyft;
}
})()

var contentAge=”0.013796296296296296″;
if(contentAge) {
customDimension.dimension34 = contentAge > 2 ? ‘>48hs’:’= 0 && num -1 && grx_userPermission.indexOf(“cancelled_subscription”) > -1 && grx_userPermission.indexOf(“can_buy_subscription”) > -1) {
subsStatus=”Paid Person – In Trial”;
} else if(grx_userPermission.indexOf(“subscribed”) > -1) {
subsStatus=”Paid Person”;
} else if(grx_userPermission.indexOf(“etadfree_subscribed”) > -1) {
subsStatus=”Advert Free Person”;
}
} catch (e) {}
} else {
grxDimension[objDim[‘d3’]] = ‘NONLOGGEDIN’;
}
grxDimension[objDim[‘d37’]] = subsStatus;
strive {
if(window.localStorage && localStorage.getItem) {
var jString = localStorage.getItem(“jStorage”);
if(jString) {
var objJstorage = JSON.parse(jString), objProf = objJstorage[‘et_subscription_profile’];
for (var attrname in objProf) { grxDimension[attrname] = objProf[attrname]; }
}
}
}catch(e) {
console.log(‘Error profile Dimension’);
}
})()

grx(‘observe’, ‘page_view’, grxDimension);

if(window.allowGdpr == 1 && (typeof skip == ‘undefined’ || typeof skip.fbevents == ‘undefined’)) {
!perform(f,b,e,v,n,t,s)
{if(f.fbq)return;n=f.fbq=perform(){n.callMethod?
n.callMethod.apply(n,arguments):n.queue.push(arguments)};
if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.model=’2.0′;
n.queue=[];t=b.createElement(e);t.async=!0;
t.src=v;s=b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t,s)}(window, doc,’script’,
‘https://join.facebook.web/en_US/fbevents.js’);
fbq(‘init’, ‘338698809636220’);
fbq(‘observe’, ‘PageView’);
}

var _comscore = _comscore || [];
_comscore.push({ c1: “2”, c2: “6036484”});

if(window.allowGdpr == 1) {
(perform() {
var s = doc.createElement(‘script’), el = doc.getElementsByTagName(“script”)[0]; s.async = true;
s.src = (doc.location.protocol == “https:” ? “https://sb” : “http://b”) + “.scorecardresearch.com/beacon.js”;
el.parentNode.insertBefore(s, el);
})();
}

if(window.allowGdpr == 1) {
(perform() {
perform pingIbeat() {
window._pg_endpt=(new Date()).getTime();
var e = doc.createElement(‘script’);
e.setAttribute(‘language’, ‘javascript’);
e.setAttribute(‘sort’, ‘textual content/javascript’);
e.setAttribute(‘src’, “https://agi-static.indiatimes.com/cms-common/ibeat.min.js”);
doc.head.appendChild(e);
}
if(typeof window.addEventListener == ‘perform’) {
window.addEventListener(“load”, pingIbeat, false);
} else {
var oldonload = window.onload;
window.onload = (typeof window.onload != ‘perform’) ?
pingIbeat : perform() { oldonload(); pingIbeat(); };
}
})();
}

}


Discover more from News Journals

Subscribe to get the latest posts sent to your email.

Most Popular

Recent Comments