Start-Up

342 new companies get heavenly attendant duty exclusion since February

With the business and industry service finding a way to help maturing business visionaries, the same number of as 342 new businesses have gotten a suggestion in regards to an exemption from holy messenger charge since February, an authority said. Giving a noteworthy alleviation to growing business visionaries, the legislature in February loosened up the meaning of new companies and enabled them to benefit full holy messenger charge concession on ventures of up to Rs 25 crore.

With the business and industry service finding a way to help maturing business visionaries, the same number of as 342 new businesses have gotten a suggestion in regards to an exemption from holy messenger charge since February, an authority said.

“The service is finding a way to advance and fortify the startup environment in the nation. A sum of 381 new businesses gave undertaking that they ought to be exempted from heavenly attendant duty and out of that, 342 have gotten implication from CBDT (Central Board of Direct Taxes),” the administration official said. The service is working with its group with the *remaining 39 new businesses to determine their issues* as there are sure errors in their endeavors.

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