News > Budget 2021: Tax Holiday for Startups Extended by 1 Year Till March 31, 2022
Budget 2021: Tax Holiday for Startups Extended by 1 Year Till March 31, 2022
01/02/2021 08:14 PM | Click to read full article
To help India's startups amid the COVID-19 pandemic, tax holidays for these businesses have been extended by one year till March 31, 2022, said Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021-22 on Monday.
"To incentivise incorporation of one-person companies, such companies will be allowed to grow without any restriction on paid-up capital or turnover and to convert into any other type of company at any time," she added.
