Pradhan Mantri Mudra Yojana is a government scheme introduced by the Prime minister to empower small entrepreneurs belonging to non-corporate, non-farm, and small/ micro enterprises through financial support. Under this scheme, up to Rs. 20 Lakh loans are provided to entrepreneurs, categorized as Mudra Loans by the Commercial Banks, RRBs, Small Finance Banks, MFIs, and […]
Schemes
DPIIT Recognition for Startups Under the Startup India
The recognition received under the Startup India Scheme by the Department for Promotion of Industry and Internal Trade (DPIIT) gives a startup plenty of benefits. Among other things, this includes tax holidays for three years and intellectual property (IP) filing concessions. All these can provide great help in the development and finance of a new […]
Income tax exemption for startups under Startup India
Section 80-IAC of the Income Tax Exemption Act, 1961, which was enacted on April 1, 2017, offers a full 100% tax deduction on profits to eligible taxpayers for three consecutive years. It greatly benefits the businesses during these three years by giving them much-needed relief in taxes. The income tax benefit accrues under Section 80-IAC […]