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Vikas Vasal, National Managing Partner -Tax, Grant Thornton Bharat LLP
To further support the start-up ecosystem, the tax holiday has been extended by one year by including start-ups incorporated till March 31, 2022 to be eligible for the tax holiday
The government has taken laudable steps to support and propel the economy in these difficult times, but a lot more still needs to be done, writes Vikas Vasal
General Anti-Avoidance Rules come into effect on April 1
Overall it is a combination of prudent fiscal policy, with an eye on economic revival, and a long pending list of things to do in near future/next Budget