Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: form 3cd :: list of goods taxed at 4% :: empanelment :: ACCOUNTING STANDARD :: VAT Audit :: TDS :: ACCOUNTING STANDARDS :: cpt :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment
 
 
« News Headlines »
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return

No income tax on start-up profits for first three years
January, 18th 2016

Prime Minister Narendra Modi announced a slew of measures for start-up companies in New Delhi on Saturday, while unveiling the action plan for the sector.

Start-ups will not be required to pay income tax on their profits for the first three years, and will also be exempt from capital gains tax.

In order to simplify the process of registration, the PM proposed a system of self-certification on the part of such enterprises, with an additional provision of no inspection for three years. Modi had earlier stressed on the government giving a freer hand to enterprise in the country and had said, "Start-up is more about what the government should not do, than what it has been doing." In a lighter vein, he even wondered why a tea-seller like him didn't think of starting a hotel chain.

Emphasising the need to take risk for a business to thrive, Modi said that it was because Columbus set out in 1423 to explore uncharted territory that he was able to give the Spice Route to the world.

Special schemes for women entrepreneurs on cards However, he was quite clear that those who start with the objective of earning money rarely succeed; money is only a by-product. According to him, a start-up is born when there is a compassionate need to serve society. In this connection he recalled urging some aerated drink-manufaturing companies to set aside 2-5 per cent of their resources to make bottled natural fruit juices.

Modi also called upon Entrepreneurs to address issues like affordable health care, and said that if the country has a million problems, it even has a billion minds.

The Prime Minister also dwelt on the need to encourage more start-ups, not just those working around IT. Besides, start-ups aren't about doing billion dollars worth of business. Modi said that if an enterprise provides livelihood to even five people, it is contributing to the nation's progress. He added that start-ups can change the mindset from job seeker to job creator.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions