Friday, 24 March, 2023

Union Budget 2021: Government extends tax exemption to start-ups for another year

<p>The Union Budget 2021-22 has given importance to start-ups by extending tax holidays by one year. Finance minister Nirmala Sitharaman has also announced incentivising one-person companies (OPCs) to help startups and innovators. The FM also reduced residency limit for Indian to set up a one-person company from 182 to120 days and allowed non-resident Indians to set-up OPC too. &nbsp;&quot;This will be a big boost for startups,&quot; Sitharaman said.</p> <p>&nbsp;</p>