Saturday, August 8, 2020
Home NEWS Indian Government Engaged in Taking Care of Millions of Startups and Small...

Indian Government Engaged in Taking Care of Millions of Startups and Small Entrepreneurs

Since India’s economic growth rate has come down to just five percent, there is a stir in the deepening crisis in the siege of internal recession. Despite such turmoil and confusion, the government does not want to take any care in securing the interest of millions of startups and small entrepreneurs, especially in the country. That is why it was decided to ease the income tax rules for startups, and that is why the government is in talks with foreign lenders to provide loans of nearly $ 14.5 billion to millions of small firms.
Even though the Indian economy is not on track at the moment, even though tools such as coding and emulating have developed in Western countries, Indian startups are now making money from Western countries by creating products for the world, which has led to unemployment. It is also helping to sustain the Indian economy.

Top Startups in Bangalore 2019

As per the instructions of the central government, the Income Tax Department is going to give relief to startup companies and give relaxation in their assessment and investigation rules. In a circular, the department has directed its officials not to demand additional tax from startup companies, which are accredited by the Department for Promotion of Industry and Internal Trade (DPIIT). This exemption will be applicable in cases where the investigation is limited to section 56 (2) (7B) of the Income Tax Act.

How To Boost Your Entrepreneurial Spirit In The Job?

How to Invest in Startup

5 keys to Entrepreneurial Success in 2020

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Market Optimization Is the Way to Boost Your Late-Career Start-ups

In this time of the global pandemic, the whole world is battling the deadly coronavirus. To stop the spread of this virus, we had...

Agritech startup? Microsoft will Help you Build Solutions, Scale Them with These Unique Offerings

We all know Microsoft as one of the world’s leading technology companies. It currently offers many services and products like computer software, electronics, computers,...

Meet The 8 Mobility Startups Helping Frontline Workers in The Fight Against Coronavirus

Ever since the Coronavirus or COVID-19 broke out in Wuhan, China, it has spread throughout the world at a very rapid pace. A virus...

The 10 Best Cybersecurity Startups To Watch In 2020

We all must have heard the words like Cybersecurity, computer security numerous times in our daily life. But how many of us paid attention...

Recent Comments