Govt. Likely to Tweak Tax Holiday for Start-Ups

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www.ambitionias.com
  • The government plans to expand the scope of the tax holiday from the first three years to three from a block of maximum 10 years.
  • The expansion plan has been made after its proposal of a tax holiday for start-ups in their first three years drew criticism.
  • Proposals warranting changes in the current legislative framework is likely to figure in the amendments to the Finance Bill to be moved as part of the Budget, sources said.
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