 "Finance Minister Nirmala Sitharaman holds a case containing a tablet device, during the Budget Session of the Parliament")
The government on Monday proposed extension of the eligibility for claiming tax holiday and capital gains exemption for investment in startups till March 31, 2022.
"In order to incentivise startups in the country, I propose to extend the eligibility for claiming tax holiday for startups by one more year to March 31, 2022," Finance Minister Nirmala Sitharaman said.
Presenting the first paperless Union Budget, she further said: In order to incentivise funding for the startups, I propose to extend the capital gains exemption for investment in startups by one more year to March 31, 2022".
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