Startups | The Asian Age

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"The CBDT has clarified today (Thursday) that small start-ups with turnover up to Rs 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act, 1961, which provides deduction for 100 per cent of income of an eligible start-up for 3 years out of 7 years from the year of its incorporation," it said in a statement.

Small startups with turnover up to Rs 25 cr to get promised tax holiday: CBDT

Since the intention was to support the small startup, the turnover limit of Rs 25 crore was considered reasonable, CBDT said.

22 Aug 2019 8:18 PM

CBDT circular with this effect 'brings in more safeguard by requiring assessing officers to procure his or her supervisor's consent before starting on any inquiry under the angel tax provision against a start-up company which has not got DPIIT approval,' S. Vasudevan, Partner, Lakshmikumaran & Sridharan said.

CBDT's procedure for pending angel tax assessment cases to help startups: Experts

Government is seeking to calm the nerves of startups worried about angel tax.

16 Aug 2019 10:26 AM

India's agriculture sector is advancing steadily towards its digital transformation and the startup ecosystem is playing a critical role here, bringing innovation and disruption in much-needed areas, Nasscom President Debjani Ghosh said. (Photo: Representational: Pexels)

Over 450 agri-tech startups receive USD 248 mn funding in H1 2019: Nasscom

More than 50 per cent of agri-tech startups offer supply chain solutions like market linkage, better access to inputs etc.

13 Aug 2019 11:44 AM

Jio will also invest and financially support those startups that have the potential to address India's big needs in agriculture, healthcare, education and skill development which will boost the creation of new livelihoods, said Reliance's Mukesh Ambani. (Photo: File)

Jio, Microsoft team up for digital transformation alliance

Reliance's Mukesh Ambani unveiled promised to make connectivity infrastructure free for nascent stage firms.

12 Aug 2019 9:06 PM

Meesho has built a network of more than 2 million sellers across 700 towns in India and created a disruptive distribution channel for 15,000 suppliers in traditional manufacturing hubs.

Indian e-commerce platform Meesho raises USD 125 million in Naspers-led funding

The company has a mission to create 20 million entrepreneurs by 2020.

12 Aug 2019 3:29 PM

Start-ups have been servicing us through their innovative offerings and gaining our trust. (Photo: Pixabay)

Let’s celebrate friendship with new-age start-ups that changed our lives

This Friendship Day, let’s applaud these 3 start-ups that stood with us 24x7.

02 Aug 2019 3:23 PM

Goyal said in Lok Sabha that the FFS with corpus of Rs 10,000 crore will meet the funding needs of startups. (Photo: Representational)

254 startups get Rs 1,700 cr investment from Alternative Investment Funds

Commerce Minister Piyush Goyal said these funds have raised a corpus fund of Rs 25,728 crore.

24 Jul 2019 2:44 PM

The programme will support growth of startups focused on finding solutions for social challenges using Artificial Intelligence (AI) in areas of good health and well-being and agriculture among others.

Facebook, T-Hub pick 10 startups for 'India Innovation Accelerator' programme

The cohort startups will have access to T-Hub's ecosystem and PwC India's industry experts to scale their businesses.

17 Jul 2019 8:02 PM

The latest Annual Employability Survey 2019 report reveals 80 per cent of graduates are unfit for jobs and unemployed.

5 Indian startups focusing on engineers employability issue

The engineering sector has been through a phase of being a popular career choice to that of a saturated market.

14 Jul 2019 4:05 PM

SVIC has invested in a number of startups globally and has over USD 2.2 billion in assets under management.

Samsung Venture invests USD 8.5 million in 4 Indian startups

SVIC hopes to make 100 investments in Indian startups over the next three-five years.

10 Jul 2019 3:09 PM

Presenting the Budget for 2019-20, Nirmala Sitharaman proposed to start a television programme exclusively for startups that will be executed by startups themselves'.

Budget 2019: FM proposes starting exclusive channel for startups

Standup India will be continued for the entire period coinciding with the 15th Finance Commission, i.e., 2020-2025.

05 Jul 2019 2:48 PM

The government is proposing additional tax deduction of Rs 1.50 lakh on interest paid on home loans taken up to March 2020, said Finance Minister Nirmala Sitharaman. (Representational image)

Additional tax deduction of Rs 1.50 lakh on interest on home loans proposed

Government will also provide income tax deduction of Rs 1.5 lakh on interest paid on loans for purchase of electric vehicles.

05 Jul 2019 1:38 PM

Credit inclusion for MSMEs is a critical imperative to enable growth and job creation in India, said Alok Mittal, CEO and Co-founder of Indifi Technologies said. (Representational Image)

Need to increase funding for startups, simplify credit facilities in Budget: Experts

Finance Minister Nirmala Sithraman will be presenting her first full Union Budget on Friday.

03 Jul 2019 1:20 PM

Startups find that current norms for GST and TDS are blocking significant money.

Startups want taxes streamlined, less GST pain

As the start-up ecosystem matures, it faces several working capital issues which, in turn, hinder its long term growth.

29 Jun 2019 2:09 AM

The startups environment in India still does not match up to that in places like Silicon Valley, Israel and some European countries.

5 steps startups need to remember to start and grow their business

The investors in startups have matured and want to see some results, some revenues, focus on customers etc.

08 Jun 2019 1:04 PM

TheMathCompany to grow and expand their reach to customers around the world", said Arihant Patni an Entreprenuer, Venture Capitalist.

TheMathCompany to expand its global presence with funding from Arihant Patni

TheMathCompany works with over 30 fortune 500 clients and is one of the fastest growing Artificial Intelligence, machine learning startups.

31 May 2019 5:02 PM

NABARD has been contributing to other funds till now and this is the first time that the rural development bank has launched a fund of its own.

Nabard announces Rs 700-cr VC fund for agri, rural startups

The fund has been launched by Nabventures, a subsidiary of NABARD, and has a proposed corpus of Rs 500 crore.

13 May 2019 6:46 PM

An angel investor is the one who puts funds in a startup when it is taking steps to establish itself in the competitive market.

Startups: Accredited investors may get exemption from angel tax

This provision is considered by government as part of an exercise to define 'accredited investors' to increase investment flow in startups.

29 Apr 2019 5:48 PM

Indian startups have filed nearly 200 patents in the US during 2015-18.

India-domiciled cos filed over 4,600 patents in US between 2015-2018: Nasscom

Technology patents from Indian companies has consistently increased to 64.8 pc in 2017-18 from 51 pc in 2015.

26 Apr 2019 5:50 PM

The objective of this partnership is to ramp up job creation and to further empower entrepreneurs, in line with Facebook's commitment to train 5 million people with digital and entrepreneurial skills by 2021, a statement said.

GAME, Facebook team up to help Indian entrepreneurs scale up

Phase I will be rolled out soon covering 10 states including Karnataka, AP, Telangana and Maharashtra among others.

16 Apr 2019 4:57 PM

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Anita Katyal