100% Deduction of Profits for 3 out of 5 Years for Start-Ups

Recognizing the importance of start-ups in employment generation and as key partners in Make in India programme, Shri Jaitley proposed 100% deduction of profits for three out of five years for start-ups set up during April 2016 to March 2019 entailing MAT liability.

He also proposed 10 per cent rate of tax on income from worldwide exploitation of patents, developed and registered in India by a resident.

Source : Equity Bulls

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