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.
