Budget: Incentives for Start-Ups, Tax-Neutral Treatment for LLPs, Low Corporate Tax for Manufactures - 01.03.2016

For start-ups, 100 % deduction of profits for 3 out of 5 years will be allowed for units set up over April 2016-March 2019. But, MAT will apply. Tax-neutral treatment will be provided to firm converting into Limited Liability Partnerships (LLP) and reduced corporate tax for new manufacturers.

Tags : Budget start-ups LLPs new manufacturers

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