Recommendations sent to Min of Finance to raise tax holiday for start-ups from 3 to 7 years: Sitharaman
The Dollar Business Bureau Nirmala Sitharaman, the Minister for Commerce and Industry said today while addressing the Karnataka BJP Women's Executive Meeting, that her Ministry has recommended to the Ministry of Finance to raise tax holiday for start-ups from 3 years to 7. "They (Finance Ministry) have received the recommendations of Commerce and Industry Ministry to raise tax holiday to seven years from the current three years with sense of constructive and positive approach” she said. This recommendation was made to the Ministry of Finance after several start-ups requested the Minister as that would provide certainty to the start-ups on taxation matters. Further replying to a query with regard to Apple launching a manufacturing unit in India, for which the company heads have ...
