Sunday, October 25, 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



Please enter your comment!
Please enter your name here

Most Popular

Top 25+ Best Scrap Business Ideas With Low Investment

During this pandemic and after this as well, people will be searching for different business ideas. Many of them must be planning for big...

Best Online Payroll Services in India

Running a payroll seems to be a difficult and time-consuming task. To make the entire thing simple, more and more companies are going for...

5 Best CRM Software for Small Businesses in India

CRM is a software that helps you in improving the relationship with the existing clients to retain them for the long term. Therefore is...

5 Ways AI Drives the Future of Big Business

Artificial Intelligence is basically an intelligence that is demonstrated by machines. It first comes out in the form of an academic discipline in the...