Startups say FM's move to extend time limit for tax holiday helps liquidity

I-T exemption time limit for startups has been extended to 3 out of 7 years now

Indian startups say the Finance Minister Arun Jaitley's move to extend the time limit for tax holidays would help them address liquidity, which is crucial for their fledgling years. Income tax exemption time limit for startups has been extended to three out of seven years from three out of five years, earlier.

"There are many immense moves taken by finance mister like extension of 7 years holiday tax from 3 years for start-ups to encourage their entrepreneurship in coming years. This helps to boosts the entrepreneurs and generates maximum profit for the business," said Aniketh Jain, chief executive officer (CEO)