Under the Start-up Action Plan, how many years of tax holiday is provided to start-up companies on their profits?
Under the Start-up Action Plan, how many years of tax holiday is provided to start-up companies on their profits?
[A]1 year
[B]2 years
[C]3 years
[D]4 years
3 years
To give boost to the start-up companies in India, the union government announced Start-up Action Plan. Under the plan, Start-up profits to be tax-free for 3 years and also no labour inspections for 3 years of launch of the venture. Tax exemption to be provided on capital gains if money is invested in another start up.
Originally written on
January 24, 2016
and last modified on
January 24, 2016.