Norms for a startup revised: Key things to know - Times of India
20 Feb 2019 6:18 AM GMT
India Business News: The ministry of commerce and industry on Tuesday said it has revised the definition of a startup that it would consider for taxation purpose. Now, a s
- The ministry of commerce and industry on Tuesday said it has revised the definition of a startup that it would consider for taxation purpose.
- An entity working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation.
- India since 2012 has a taxation policy to stop wealthy individuals from laundering money through unlisted companies.
- FYI: Companies that are not a startup will come under the regular corporate tax.
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