Tuesday, January 12, 2021
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

Most Popular

How To Get Personal Loan To Start a New Business After Lockdown

Coronavirus (Covid-19): Due to the coronavirus, the country's economic situation has reached a very critical situation. This is the reason why private and government...

Jio Platforms Will Supercharge India’s Startup Ecosystem

We all know Jio as one of the leading telecommunication and mobile network providers in the country. Launched in the year 2015, in a...

5 Worst Startup Ideas and 7 Ways to Make Sure Your Business Gets Funded

  Are you somebody who got an idea that you think can turn into the next profitable million or a billion-dollar business? Not trying to...

How To Open GST Service Center in India?

If you are thinking of doing some work of your own, then it may be beneficial for you to open a GST Service Center....