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Govt extends eligibility for claiming tax holiday, capital gains exemption

The government on Monday proposed extension of the eligibility for claiming tax holiday and capital gains exemption for investment in startups till March 31, 2022

Topics
Tax holiday | Budget 2021 | Union Budget

Press Trust of India  |  New Delhi 

Finance Minister Nirmala Sitharaman holds a case containing a tablet device, during the Budget Session of the Parliament
Finance Minister Nirmala Sitharaman holds a case containing a tablet device, during the Budget Session of the Parliament

The government on Monday proposed extension of the eligibility for claiming and capital gains exemption for investment in startups till March 31, 2022.

"In order to incentivise startups in the country, I propose to extend the eligibility for claiming for startups by one more year to March 31, 2022," Finance Minister said.

Presenting the first paperless Union Budget, she further said: In order to incentivise funding for the startups, I propose to extend the capital gains exemption for investment in startups by one more year to March 31, 2022".

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, February 01 2021. 14:00 IST
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