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Measures to boost growth and employment generation

Budget - Dated:- 29-2-2016 - 100% deduction of profits for 3 out of 5 years for startups set-up during April 2016 to March 2019 While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that startups generate employment, bring innovation and are expected to be key partners in Make in India programme. He proposed to assist their propagation through 100% deduction of profits for 3 out of 5 years for startups set-up during April 2016 to March .....

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me-tax to securitization trusts including trusts of ARCs. He said that the income will be taxed in the hands of investors instead of the trust. However, the trust will be liable to deduct tax at source. The period for getting benefit of long term capital gain regime in case of unlisted companies was proposed to be reduced from three to two years. Sh. Jaitley also said that non-banking financial companies shall be eligible for deduction to the extent of 5% of their income in respect of provision .....

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