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Department of Industrial Planning and Promotion

Relief for start-ups in India; Rs 10 cr tax concession set to boost segment

Relief for start-ups in India; Rs 10 cr tax concession set to boost segment

Mon, Apr 16, 2018

 This means that start-ups can seek out tax concessions under Section 56 of the I-T Act by applying for a merchant banker certificate from the Inter-Ministerial Board (IMB) that has been set up by the Department of Industrial Planning and Promotion (DIPP). According to Harsh Shah, co-founder of online fashion platform  Fynd , this move will certainly boost support towards start-ups and will witness more activity from angel investors towards the sector

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